<PAGE> 1
- ------
FORM 4
- ------
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/X/ Check box if no
longer subject to Filed pursuant to Section 16(a) of the Securities
Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the
or Form 5 obligations Public Utility Holding Company Act of 1935
may continue. See or Section 30(f) of the Investment Company
Instruction 1(b). Act of 1940
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
BMG Music Take-Two Interactive Software, Inc. -- Issuer (Check all applicable)
- ------------------------------------------- "TTWO" (NASDAQ) Director 10% Owner
(Last) (First) (Middle) -------------------------------------------- ---- ---
3. IRS or Social Security 4. Statement for Officer (give X Other (Specify
1540 Broadway Number of Reporting Month/Year ---- title --- below)
- --------------------------------------------- Person (Voluntary) 5/99 below)
(Street) ---------------- Prior to sale reported hereby,
New York, New York 10036-4098 -------------------- 5. If Amendment, Reporting Person was a 10%
- --------------------------------------------- Date of Original beneficial owner.
(City) (State) (Zip) (Month/Year) -----------------------------------
3/98 7. Individual or Joint/Group Filing
---------------- (Check Applicable Line)
--- Form filed by One Reporting Person
X Form filed by more than one
--- Reporting Person
- ------------------------------------------------------------------------------------------------------------------------------------
TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Month Direct Benefi-
(Month/ (Instr. 3 and 4) (D) or cial
Day/ --------------------------------------- Indirect Owner-
Year) Code V Amount (A) or Price (I) ship
[(D)] (Instr. 4) (Instr.
4)
Common stock, 5/11/99 S V 500,000 $8.00/share 1,350,000 See See
- ------------------------------------------------------------------------------------------------------------------------------------
par value $.01 per share. attachment attachment
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
*If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) (Bulletin No. 177, 10-15-97)
</TABLE>
<PAGE> 2
<TABLE>
<CAPTION>
FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
-----------------------------------
Date Expira- Amount or
-------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative Form of Indirect
(Instr. 3) Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
Explanation of Responses:
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See attachment
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. (Bulletin No. 177, 10-15-97)
</TABLE>
<PAGE> 3
Attachment to Form 4 Page 1 of 3
Reporting Person: BMG Music
1540 Broadway
New York, New York 10036-4098
Date of Event
Requiring Statement: May 11, 1999
Issuer: Take-Two Interactive Software, Inc.
"TTWO" (NASDAQ)
- -------------------------------------------------------------------------------
Additional Reporting Persons
The statement of changes in 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 I, Item 6
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,
1,350,000 shares of common stock, par value $.01 per share (the "Common Stock")
of Take-Two Interactive Software, Inc. ("Issuer"). As a result of its ownership
of 1,350,000 shares of Common Stock, BMG Music and each other Reporting Person
may be deemed to be the beneficial owner of 1,350,000 shares of Common Stock.
The 1,350,000 shares of Common Stock which BMG Music and each other Reporting
Person may be deemed to beneficially own represent approximately 6.0 percent of
the total number of shares of Common Stock outstanding (based upon information
contained in the Issuer's registration statement on Form S-1 (File No.
333-74851) under the Securities Act of 1933, as amended, filed with the
Securities and Exchange Commission on March 23, 1999, as amended by Amendment
No. 1 to Form S-1 filed with the
<PAGE> 4
Attachment to Form 4 Page 2 of 3
Reporting Person: BMG Music
1540 Broadway
New York, New York 10036-4098
Date of Event
Requiring Statement: May 11, 1999
Issuer: Take-Two Interactive Software, Inc.
"TTWO" (NASDAQ)
- -------------------------------------------------------------------------------
Securities and Exchange Commission on April 9, 1999 and Post-Effective Amendment
No. 1 to Form S-1 filed with the Securities and Exchange Commission on May 6,
1999).
Table I, Item 7
See above under "Additional Reporting Persons".
Signatures
/s/ Reinhard Mohn
Dated June 9, 1999: --------------------------------------
REINHARD MOHN
JOHANNES MOHN GMBH
Dated June 9, 1999: By: /s/ Reinhard Mohn
--------------------------------------
Reinhard Mohn
Chairman
By: /s/ Mark Woessner
--------------------------------------
Mark Woessner
Chairman
BERTELSMANN AG
Dated June 9, 1999: By: /s/ Thomas Z. Middelhoff
--------------------------------------
Thomas Z. Middelhoff
Chairman of the Board and CEO
BERTELSMANN, INC.
Dated June 9, 1999: By: /s/ Jacqueline Chasey
--------------------------------------
Jacqueline Chasey
Vice President and Assistant Secretary
<PAGE> 5
Attachment to Form 4 Page 3 of 3
Reporting Person: BMG Music
1540 Broadway
New York, New York 10036-4098
Date of Event
Requiring Statement: May 11, 1999
Issuer: Take-Two Interactive Software, Inc.
"TTWO" (NASDAQ)
- --------------------------------------------------------------------------------
BERTELSMANN MUSIC GROUP, INC.
Dated June 9, 1999: By: /s/ Thomas W. McIntyre
----------------------------------------
Thomas W. McIntyre
Executive Vice President and Chief Financial Officer
BMG MUSIC
By: BERTELSMANN MUSIC
GROUP, INC., as general partner
Dated June 9, 1999: By: /s/ Thomas W. McIntyre
----------------------------------------
Thomas W. McIntyre
Executive Vice President and Chief Financial Officer
