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OMB APPROVAL
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- -------- OMB Number: 3235-0104
FORM 3 Expires: September 30, 1998
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hours per response .... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a)
of the Public Utility Holding Company Act of 1935 or Section 30(f)
of the Investment Company Act of 1940
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<S> <C> <C> <C>
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1. Name and Address of Reporting Person 2. Date of Event Requiring 4. Issuer Name and Ticker or 6. If Amendment, Date
BMG Music Statement Trading Symbol of Original
- ---------------------------------------- (Month/Day/Year) Take-Two Interactive Software, (Month/Day/Year)
(Last) (First) (Middle) Inc. -- "TTWO" (NASDAQ)
3/11/98 ------------------------------
1540 Broadway ---------------------------- 5. Relationship of Reporting 7. Individual or Joint/
- ---------------------------------------- 3. IRS or Social Security Person to Issuer Group Filing (Check
(Street) Number of Reporting (Check all applicable) Applicable Line)
Person (Voluntary) ___ Director _x_ 10% Owner __ Form filed by One
New York, New York 10036-4098 ___ Officer ___ Other Reporting Person
- -------------------------------------- ---------------------------- (give title below) (specify below) _x_Form filed by More
(City) (State) (Zip) than One Reporting
--------------------------- Person
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See attachment. TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Beneficially Owned Direct (D) or Beneficial
(Instr. 4) Indirect (I) Ownership (Instr. 5)
(Instr. 5)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1473 (8/92)
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<TABLE>
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FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C>
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1. Title of Derivative Security 2. Date 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) Exercisable and Securities Underlying sion or ship Beneficial Ownership
Expiration Date Derivative Security Exercise Form of (Instr. 5)
(Month/Day/ (Instr. 4) Price of Deriv-
Year) Deri- ative
vative Security:
Security Direct
------------------------------------------------- (D) or
Date Expira- Amount or Indirect (I)
Exercis- tion Title Number (Instr. 5)
able Date of Shares
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Series A preferred stock, At any Common stock, par
par value $.01 per share. time. None. value $.01 per share. 1,850,000 One-for-one See attachment. See attachment.
(subject to
anti-dilution
adjustment).
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Explanation of Responses:
See attachment.
**Intentional misstatements or omissions of facts constitute Federal Criminal ------------------------------- -------------
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date
Note. File three copies of this Form, one of which must be manually signed. Page 2
If space provided is insufficient, See Instruction 6 for procedure. SEC 1473 (8/92)
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Attachment to Form 3 Page 1 of 3
Reporting Person: BMG Music
1540 Broadway
New York, New York 10036-4098
Date of Event
Requiring Statement: March 11, 1998
Issuer: Take-Two Interactive Software, Inc.
"TTWO" (NASDAQ)
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Additional Reporting Persons
The initial statement of beneficial ownership of securities to which this
is attached is filed on behalf of: BMG Music, a general partnership organized
under the laws of the State of New York; BMG Music's controlling general
partner, Bertelsmann Music Group, Inc., a corporation organized under the laws
of the State of Delaware; Bertelsmann Music Group, Inc.'s sole stockholder,
Bertelsmann, Inc., a corporation organized under the laws of the State of
Delaware; Bertelsmann, Inc.'s sole stockholder, Bertelsmann AG, a corporation
organized under the laws of the Federal Republic of Germany; Bertelsmann AG's
controlling shareholder, Johannes Mohn GmbH, a limited liability company
organized under the laws of the Federal Republic of Germany; and Johannes Mohn
GmbH's controlling shareholder, Reinhard Mohn, an individual citizen of the
Federal Republic of Germany. (Mr. Mohn, Johannes Mohn GmbH, Bertelsmann AG,
Bertelsmann, Inc., Bertelsmann Music Group, Inc., and BMG Music are collectively
referred to herein as "Reporting Persons").
The principal business offices of BMG Music, Bertelsmann Music Group,
Inc., and Bertelsmann, Inc. are located at 1540 Broadway, New York, New York
10036-4098. The principal business offices of Bertelsmann AG, Johannes Mohn
GmbH, and Reinhard Mohn, are located at Carl Bertelsmann Strasse 270, 33311
Gutersloh, Federal Republic of Germany.
Table II, Item 5
BMG Music (through its division BMG Entertainment) is the record holder
of, and each other Reporting Person may be deemed to be the beneficial owner of,
1,850,000 shares of series A preferred stock (the "Preferred Stock") of Take-Two
Interactive Software, Inc. ("Issuer") convertible into 1,850,000 shares of
common stock, par value $.01 per share, of Issuer (the "Common Stock"). As a
result of its ownership of 1,850,000 shares of Preferred Stock, BMG Music and
each other Reporting Person may be deemed to be the beneficial owner of
1,850,000 shares of Common Stock. The 1,850,000 shares of Common Stock which BMG
Music and each other Reporting Person may be deemed to beneficially own
represent approximately 15.8 percent of the total number of shares of Common
Stock outstanding (after giving effect to the conversion of
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Attachment to Form 3 Page 2 of 3
Reporting Person: BMG Music
1540 Broadway
New York, New York 10036-4098
Date of Event
Requiring Statement: March 11, 1998
Issuer: Take-Two Interactive Software, Inc.
"TTWO" (NASDAQ)
________________________________________________________________________________
the 1,850,000 shares of Preferred Stock held by BMG Music, and based upon
information contained in Issuer's quarterly report on Form 10-QSB for the
quarterly period ended January 31, 1998).
Table II, Item 6
See above under "Additional Reporting Persons".
Signatures
Dated March 23, 1998: \s\ REINHARD MOHN
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REINHARD MOHN
JOHANNES MOHN GMBH
Dated March 23, 1998: By: \s\ REINHARD MOHN
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Reinhard Mohn
Chairman
BERTELSMANN AG
Dated March 23, 1998: By: \s\ MARK WOESSNER
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Mark Woessner
Chairman and Chief Executive Officer
BERTELSMANN, INC.
Dated March 23, 1998: By: /s/ JACQUELINE CHASEY
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Jacqueline Chasey
Vice President and
Assistant Secretary
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Attachment to Form 3 Page 3 of 3
Reporting Person: BMG Music
1540 Broadway
New York, New York 10036-4098
Date of Event
Requiring Statement: March 11, 1998
Issuer: Take-Two Interactive Software, Inc.
"TTWO" (NASDAQ)
________________________________________________________________________________
BERTELSMANN MUSIC GROUP, INC.
Dated March 23, 1998: By: \s\ THOMAS W. MCINTYRE
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Thomas W. McIntyre
Senior Vice President and Treasurer
BMG MUSIC
By: BERTELSMANN MUSIC
GROUP, INC., as general partner
Dated March 23, 1998: By: \s\ THOMAS W. MCINTYRE
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Thomas W. McIntyre
Senior Vice President and Treasurer
