-----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, VzN8K34tWtjLZn//9fDKSnLC+8FPZ+ybuZOfHuGiLwLrNekid67oAuAx8uSR03et 8dU9BAl1TqI2ste+fe8UYw== 0000891554-99-000248.txt : 19990215 0000891554-99-000248.hdr.sgml : 19990215 ACCESSION NUMBER: 0000891554-99-000248 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990212 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AUDIO BOOK CLUB INC CENTRAL INDEX KEY: 0001040973 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 650429858 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-52737 FILM NUMBER: 99536526 BUSINESS ADDRESS: STREET 1: 2295 CORPORATE BLVD STE 222 CITY: BOCA RATON STATE: FL ZIP: 33431 BUSINESS PHONE: 5612411426 MAIL ADDRESS: STREET 1: 2295 CORPORATE BLVD 222 CITY: BOCA RATON STATE: FL ZIP: 33431 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HERRICK HOWARD CENTRAL INDEX KEY: 0001053589 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: AUDIO BOOK CLUB INC STREET 2: 2295 CORPORATE BLVD STE 222 CITY: BOCA RATON STATE: FL ZIP: 33431 MAIL ADDRESS: STREET 1: AUDIO BOOK CLUB INC STREET 2: 2295 CORPORATE BLVD STE 222 CITY: BOCA RATON STATE: FL ZIP: 33431 SC 13G/A 1 AMENDMENT NO. 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 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)(1) AUDIO BOOK CLUB, INC. (Name of Issuer) COMMON STOCK (Title of Class of Securities) 05068R 10 8 (CUSIP Number) December 31, 1998 (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) |_| Rule 13d-1(c) |X| 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 ("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). Page 1 of 5 Pages - ----------------------------- ------------------- CUSIP No. 05068R108 13G Page 2 of 5 Pages - ----------------------------- ------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Howard Herrick - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_| Not Applicable (b)|_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY 3,941,100 as of 12/31/98 (includes currently OWNED BY exercisable options to purchase 250,000 shares) EACH --------------------------------------------------------- PERSON 6 SHARED VOTING POWER REPORTING WITH None --------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 2,964,180 as of 12/31/98 (includes currently exercisable options to purchase 250,000 shares) --------------------------------------------------------- 8 SHARED DISPOSITIVE POWER None - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,941,100 as of 12/31/98 (includes currently exercisable options to purchase 250,000 shares) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 53.8% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 5 Pages Item 1(a). Name of Issuer: AUDIO BOOK CLUB, INC. Item 1(b). Address of Issuer's Principal Executive Offices: 2295 Corporate Boulevard, N.W., Suite 222 Boca Raton, FL 33431 Item 2(a). Name of Person Filing: This Amendment No. 1 to Schedule 13G is filed on behalf of Howard Herrick (the "Reporting Person"). Item 2(b). Address of Principal Business Office or, if None, Residence: Audio Book Club, Inc. 2295 Corporate Boulevard, N.W., Suite 222 Boca Raton, FL 33431 Item 2(c). Citizenship: Mr. Herrick is a United States citizen. Item 2(d). Title of Class of Securities: Common Stock, no par value Item 2(e). CUSIP Number: 05068R108 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) - (j): Not applicable. Item 4. Ownership: (a) Amount Beneficially Owned: At December 31, 1998, the Reporting Person beneficially owned 3,941,100 shares, consisting of: (i) 2,714,180 shares held by N. Herrick Irrevocable ABC Trust, of which the Reporting Person is the sole trustee, (ii) 488,460 shares held by M.E. Herrick Irrevocable Trust, of which the Reporting Person is the sole trustee, (iii) 488,460 shares owned by the Reporting Person, and (iv) 250,000 shares issuable upon the exercise of stock options granted to the Reporting Person. The Reporting Person has granted sole dispositive rights in the shares referred to in (ii) and (iii) above to Mr. Norton Herrick Page 3 of 5 Pages but the Reporting Person has maintained voting rights over such shares. (b) Percent of Class: As of December 31, 1998 the Reporting Person beneficially owned 53.8% of the Common Stock. This percentage calculation was based on 7,078,920 shares of Common Stock outstanding as of December 31, 1998. (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 3,941,100 (includes currently exercisable options to purchase 250,000 shares) (ii) shared power to vote or to direct the vote: None. (iii) sole power to dispose or to direct the disposition of: 2,964,180 (includes currently exercisable options to purchase 250,000 shares) (iv) shared power to dispose or to direct the disposition of: None. Item 5. Ownership of Five Percent or Less of a Class. Not Applicable. 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. Page 4 of 5 Pages SIGNATURE After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: February __, 1999 Signature: Name/Title: Howard Herrick Page 5 of 5 Pages -----END PRIVACY-ENHANCED MESSAGE-----