-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, F0zq6IjBJ/K9Aykr24FTbM6a1QF+qoMgaRXmtN07AzQhpLnexECNfX8EAHzC8JLQ dvlzZ3gTuu1Ax9LpMmZ6EQ== 0000950116-04-000443.txt : 20040210 0000950116-04-000443.hdr.sgml : 20040210 20040210161312 ACCESSION NUMBER: 0000950116-04-000443 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20040210 GROUP MEMBERS: LORI S. RUBENSTEIN GROUP MEMBERS: SCOTT SELIGSOHN GROUP MEMBERS: SHERWIN I. SELIGSOHN IRR. INDENTURE FBO LORI S. RUBENSTEIN GROUP MEMBERS: SHERWIN I. SELIGSOHN IRR. INDENTURE FBO SCOTT SELIGSOHN FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SCHLESINGER CLIFFORD D CENTRAL INDEX KEY: 0001277558 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: WOLF BLOCK SCHORR & SOLIS COHEN STREET 2: 1650 ARCH ST 22ND FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 2159772550 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: UNIVERSAL DISPLAY CORP \PA\ CENTRAL INDEX KEY: 0001005284 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER TERMINALS [3575] IRS NUMBER: 232372688 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-61941 FILM NUMBER: 04582182 BUSINESS ADDRESS: STREET 1: 375 PHILLIPS BOULEVARD CITY: EWING STATE: NJ ZIP: 08618 BUSINESS PHONE: 6096710980 MAIL ADDRESS: STREET 1: 375 PHILLIPS BOULEVARD STREET 2: 375 PHILLIPS BOULEVARD CITY: EWING STATE: NJ ZIP: 08618 SC 13G 1 sch13g.txt SCH13G.TXT SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------------------- 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 13d-2(b) (Amendment No. __)(1) Universal Display Corporation ----------------------------------------------------------- (Name of Issuer) Common Stock, $0.01 par value per share ----------------------------------------------------------- (Title of Class of Securities) 91347P105 -------------------------------------- (CUSIP NUMBER) Clifford D. Schlesinger 1650 Arch Street, 22nd Floor Philadelphia, PA 19103 215 977-2000 ----------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 11, 1996 ------------------------------------------------ (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 13d-1(b) /X/ Rule 13d-1(c) / / Rule 13d-1(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 disclosures provided in a prior cover page. The information required on 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 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). CUSIP No. 760981-10-0 ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS: I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Sherwin I. Seligsohn Irrevocable Indenture of Trust dated 7/29/93 FBO Scott Seligsohn ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION Philadelphia, Pennsylvania, USA ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER 0 SHARES _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER 1,676,000 OWNED BY _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER 0 REPORTING _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER 1,676,000 WITH ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,676,000 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.0% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* OO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! -2- CUSIP No. 760981-10-0 ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS: I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Sherwin I. Seligsohn Irrevocable Indenture of Trust dated 7/29/93 FBO Lori S. Rubenstein ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION Philadelphia, Pennsylvania, USA ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER 0 SHARES _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER 1,676,000 OWNED BY _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER 0 REPORTING _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER 1,676,000 WITH ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,676,000 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.0% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* OO ________________________________________________________________________________ *SEE INSTRUCTION BEFORE FILLING OUT! -3- CUSIP No. 91347P105 ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS: I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Scott Seligsohn ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER 370,242 SHARES _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER 3,176,000 OWNED BY _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER 370,242 REPORTING _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER 3,176,000 WITH ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,546,242 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 14.7% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* OO ________________________________________________________________________________ *SEE INSTRUCTION BEFORE FILLING OUT! -4- CUSIP No. 91347P105 ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS: I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Lori S. Rubenstein ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER 125,000 SHARES _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER 3,176,000 OWNED BY _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER 125,000 REPORTING _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER 3,176,000 WITH ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,301,000 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.7% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* OO ________________________________________________________________________________ *SEE INSTRUCTION BEFORE FILLING OUT! -5- CUSIP No. 91347P105 ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS: I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Clifford D. Schlesinger ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER 0 SHARES _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER 3,176,250 OWNED BY _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER 0 REPORTING _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER 3,176,250 WITH ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,176,250 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.2% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* OO ________________________________________________________________________________ *SEE INSTRUCTION BEFORE FILLING OUT! -6- Item 1(a). Name of Issuer: Universal Display Corporation Item 1(b). Address of Issuer's Principal Executive Offices: 375 Phillips Boulevard Ewing, New Jersey 08618 Item 2(a). Name of Persons Filing: This statement is filed by: A. The Sherwin I. Seligsohn Irrevocable Indenture of Trust FBO Scott Seligsohn ("Seligsohn Trust"), of which Scott Seligsohn ("Seligsohn"), Lori S. Rubenstein ("Rubenstein") and Clifford D. Schlesinger ("Schlesinger") serve as co-trustees, with respect to (1) the 1,500,000 shares of common stock, par value $0.01 per share ("Common Stock") of Universal Display Corporation (the "Company") owned by it and (2) the 176,000 shares of Common Stock owned by American Biomimetics Corporation (the "ABC Shares"), of which the Seligsohn Trust and the Sherwin I. Seligsohn Irrevocable Indenture of Trust FBO Lori S. Rubenstein ("Rubenstein Trust" and, together with the Seligsohn Trust, the "Trusts") are the principal shareholders. B. The Rubenstein Trust, of which Seligsohn, Rubenstein and Schlesinger serve as co-trustees, with respect to (1) the 1,500,000 shares of Common Stock of the Company owned by it and (2) the ABC Shares. C. Seligsohn with respect to (1) the Common Stock held by the Trusts in his capacity as co-trustee of the Trusts, (2) the ABC Shares in his capacity as co-trustee of Trusts in their capacity as shareholders of American Biomimetics Corporation, (3) 262,750 options to purchase Common Stock and (4) the 107,492 shares of Common Stock owned directly by him. D. Rubenstein with respect to (1) the Common Stock held by the Trusts in her capacity as co-trustee of the Trusts, (2) the ABC Shares in her capacity as co-trustee of Trusts in their capacity as shareholders of American Biomimetics Corporation and (3) the 125,000 shares of Common Stock owned directly by her. E. Schlesinger with respect to (1) the Common Stock held by the Trusts in his capacity as co-trustee of the Trusts, (2) the ABC Shares in his capacity as co-trustee of Trusts in their capacity as shareholders of ABC Shares and (3) the 250 shares of Common Stock owned jointly by Schlesinger and his wife. -7- The Trusts, Seligsohn, Rubenstein and Schlesinger are hereinafter collectively referred to as the "Reporting Persons." Item 2(b). Address of Principal Business Office or, if None, Residence: The principal business address of the Trusts is: c/o Clifford D. Schlesinger, Esquire Wolf, Block, Schorr & Solis-Cohen LLP 1650 Arch Street, 22nd Floor Philadelphia, PA 19103 The principal business address of Seligsohn and Rubenstein is: 375 Phillips Boulevard Ewing, NJ 08618 The principal business address of Schlesinger is: Wolf, Block, Schorr & Solis-Cohen LLP 1650 Arch Street, 22nd Floor Philadelphia, PA 19103 Item 2(c). Citizenship: The Trust are trusts formed in Pennsylvania, USA. Seligsohn, Rubenstein and Schlesinger are all citizens of the United States. Item 2(d). Title of Class of Securities: Common Stock, $0.01 par value per share Item 2(e). CUSIP Number: 91347P105 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: N/A (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act; (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act; -8- (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Exchange Act; (d) [ ] Investment Company registered under Section 8 of the Investment Company Exchange Act; (e) [ ] Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [ ] Employee BenefitPlan or Endowment Fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [ ] Parent Holding Company or Control Person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [ ] Saving Association as defined in Section 3(b) of The Federal Deposit Insurance Act; (i) [ ] Church Plan that is excluded from the definition of an Investment Company under Section 3(c)(14) of the Investment Company Act; (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Item 4. Ownership.
A. Seligsohn Trust (a) Amount beneficially owned: 1,676,000 (b) Percent of Class: 7.0% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or to direct the vote: 1,676,000 (iii) Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 1,676,000 B. Rubenstein Trust (a) Amount beneficially owned: 1,676,000 (b) Percent of Class: 7.0% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or to direct the vote: 1,676,000 (iii) Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 1,676,000
-9-
C. Seligsohn (a) Amount beneficially owned: 3,546,242 (b) Percent of Class: 14.7% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 370,242 (ii) Shared power to vote or to direct the vote: 3,176,000 (iii) Sole power to dispose or direct the disposition of: 370,242 (iv) Shared power to dispose or to direct the disposition of: 3,176,000 D. Rubenstein (a) Amount beneficially owned: 3,301,000 (b) Percent of Class: 13.7% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 125,000 (ii) Shared power to vote or to direct the vote: 3,176,000 (iii) Sole power to dispose or direct the disposition of: 125,000 (iv) Shared power to dispose or to direct the disposition of: 3,176,000 E. Schlesinger (a) Amount beneficially owned: 3,176,250 (b) Percent of Class: 13.2% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or to direct the vote: 3,176,250 (iii) Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 3,176,250
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. N/A Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. N/A -10- Item 8. Identification and Classification of Members of the Group. N/A Item 9. Notice of Dissolution of Group. N/A Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. -11- SIGNATURE 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.
Sherwin I. Seligsohn Irrevocable Indenture of Trust dated 7/29/93 FBO Scott Seligsohn Dated: February 9, 2004 By: /s/ Scott Seligsohn ------------------- Scott Seligsohn, Co-Trustee Dated: February 7, 2004 By: /s/ Lori S. Rubenstein ---------------------- Lori S. Rubenstein, Co-Trustee Dated: January 21, 2004 By: /s/ Clifford D. Schlesinger --------------------------- Clifford D. Schlesinger, Co-Trustee Sherwin I. Seligsohn Irrevocable Indenture of Trust dated 7/29/93 FBO Lori S. Rubenstein Dated: February 9, 2004 By: /s/ Scott Seligsohn ------------------- Scott Seligsohn, Co-Trustee Dated: February 7, 2004 By: /s/ Lori S. Rubenstein ---------------------- Lori S. Rubenstein, Co-Trustee Dated: January 21, 2004 By: /s/ Clifford D. Schlesinger --------------------------- Clifford D. Schlesinger, Co-Trustee Dated: February 9, 2004 /s/ Scott Seligsohn ------------------- Scott Seligsohn Dated: February 7, 2004 /s/ Lori S. Rubenstein ---------------------- Lori S. Rubenstein Dated: January 21, 2004 /s/ Clifford D. Schlesinger --------------------------- Clifford D. Schlesinger
-12- EXHIBIT INDEX Exhibits 1. Joint Filing Agreement, dated February 9, 2004, February 7, 2004 and January 21, 2004 between the Trusts, Seligsohn, Rubenstein and Schlesinger. -13- EX-1 3 exh1.txt EXH1.TXT EXHIBIT 1 JOINT FILING AGREEMENT The undersigned hereby agree that this Statement on Schedule 13G with respect to the beneficial ownership of shares of Common Stock, par value $0.01 per share, of Universal Display Corporation is filed jointly, on behalf of each of them. This Agreement may be executed in multiple counterparts, each of which shall be deemed to be an original as against the other parties whose signatures appear hereon, and each of which shall together constitute one and the same instrument. If executed in multiple counterparts, this Agreement shall become binding when any counterpart or counterparts hereof, individually or taken together, bear the signatures of all parties reflected hereon as the signatories.
Sherwin I. Seligsohn Irrevocable Indenture of Trust dated 7/29/93 FBO Scott Seligsohn Dated: February 9, 2004 By: /s/ Scott Seligsohn ------------------- Scott Seligsohn, Co-Trustee Dated: February 7, 2004 By: /s/ Lori S. Rubenstein ---------------------- Lori S. Rubenstein, Co-Trustee Dated: January 21, 2004 By: /s/ Clifford D. Schlesinger --------------------------- Clifford D. Schlesinger, Co-Trustee Sherwin I. Seligsohn Irrevocable Indenture of Trust dated 7/29/93 FBO Lori S. Rubenstein Dated: February 9, 2004 By: /s/ Scott Seligsohn ------------------- Scott Seligsohn, Co-Trustee Dated: February 7, 2004 By: /s/ Lori S. Rubenstein ---------------------- Lori S. Rubenstein, Co-Trustee Dated: January 21, 2004 By: /s/ Clifford D. Schlesinger --------------------------- Clifford D. Schlesinger, Co-Trustee Dated: February 9, 2004 /s/ Scott Seligsohn ------------------- Scott Seligsohn Dated: February 7, 2004 /s/ Lori S. Rubenstein ---------------------- Lori S. Rubenstein Dated: January 21, 2004 /s/ Clifford D. Schlesinger --------------------------- Clifford D. Schlesinger
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