-----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, Vy7jcaTAKVC+LNzEu0E3Idl7LQE+PyfNrLrCF9IDF/xVCVaXc1M/iJYq96hNwMg7 U61iGvD72TFjriy2U/Zs8Q== 0000950146-98-000211.txt : 19980218 0000950146-98-000211.hdr.sgml : 19980218 ACCESSION NUMBER: 0000950146-98-000211 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980213 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL SPORTS WAGERING INC CENTRAL INDEX KEY: 0001025995 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 223375134 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-49761 FILM NUMBER: 98539463 BUSINESS ADDRESS: STREET 1: 201 LOWER NOTCH ROAD STREET 2: SUITE 2 B CITY: LITTLE FALLS STATE: NJ ZIP: 07424 BUSINESS PHONE: 9732568181 MAIL ADDRESS: STREET 1: 201 LOWER NOTCH ROAD STREET 2: SUITE 2B CITY: LITTLE FALLS STATE: NJ ZIP: 07424 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SENECA VENTURES CENTRAL INDEX KEY: 0001014876 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 68 WHEATLEY RD CITY: BROOKVILLE STATE: NY ZIP: 11545 BUSINESS PHONE: 2127358600 SC 13G 1 SCHEDULE 13G UNITED STATES SECURITIES & EXCHANGE COMMISSION Washington D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* International Sports Wagering, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.001 Par Value - -------------------------------------------------------------------------------- (Title of Class of Securities) 460342108 ------------------- (CUSIP Number) *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). Page 1 of 15 CUSIP No. 460342108 13G 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Woodland Partners - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 124,516 shares 1.6% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 285,215 shares 3.7% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reportin 124,516 shares 1.6% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 285,215 shares 3.7% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 409,731 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.3% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 2 of 15 CUSIP No. 460342108 13G 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Barry Rubenstein - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 103,064 shares 1.3% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 306,667 shares 4.0% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reportin 103,064 shares 1.3% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 306,667 shares 4.0% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 409,731 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.3% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 3 of 15 CUSIP No. 460342108 13G 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Marilyn Rubenstein - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 81,243 shares 1.0% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 328,488 shares 4.2% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reportin 81,243 shares 1.0% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 328,488 shares 4.2% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 409,731 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.3% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 4 of 15 CUSIP No. 460342108 13G 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Marilyn and Barry Rubenstein Family Foundation - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 100,000 shares 1.3% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 309,731 shares 4.0% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reportin 100,000 shares 1.3% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 309,731 shares 4.0% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 409,731 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.3% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 5 of 15 CUSIP No. 460342108 13G 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Woodland Services Corp. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 908 shares 0.01% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 408,823 shares 5.3% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reportin 908 shares 0.01% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 408,823 shares 5.3% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 409,731 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.3% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 6 of 15 CUSIP No. 460342108 13G 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Brian Rubenstein - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares 0% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 100,000 shares 1.3% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reportin 0 shares 0% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 100,000 shares 1.3% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100,000 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.3% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 7 of 15 CUSIP No. 460342108 13G 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Rebecca Rubenstein - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares 0% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 100,000 shares 1.3% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reportin 0 shares 0% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 100,000 shares 1.3% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100,000 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.3% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 8 of 15 Item 2. 6. (a) Name of Person Filing: The Marilyn and Barry Rubenstein Family Foundation, an organization which is exempt from Federal Income Taxation pursuant to Section 501(a) of the Internal Revenue Code of 1986, as amended (the "Foundation"). (b) Address of Principal Business Office, or, if none, Residence: 68 Wheatley Road Brookville, New York 11545 (c) Citizenship: Not applicable. (d) Title of Class of Securities: Common Stock, $0.001 par value per share. (e) CUSIP Number: 460342108. Barry Rubenstein, Marilyn Rubenstein, Brian Rubenstein and Rebecca Rubinstein are the Trustees of the Foundation. 9. (a) Name of Person Filing: Rebecca Rubenstein, a Trustee of the Foundation, effective as of July 1, 1997. (b) Address of Principal Business Office, or, if none, Residence: 300 E. 75th Street New York, NY 10021 (c) Citizenship: United States. (d) Title of Class of Securities: Common Stock, $0.001 par value per share. (e) CUSIP Number: 460342108. Item 4. Ownership. On August 28, 1997, each of Barry Rubenstein, Marilyn Rubenstein, Woodland Partners and The Marilyn and Barry Rubenstein Family Foundation, sold shares of Common Stock of International Sports Wagering, Inc. pursuant to Rule 144. In exchange for the release of such shares from a lock-up with the underwriter, the reporting persons agreed to extend the expiration date of the lock-up on an aggregate of 304,823 shares of Common Stock until December 11, 1998. Page 9 of 15 1. Woodland Partners: (a) Amount Beneficially Owned: 409,731 shares. (b) Percent of Class: 5.3% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 124,516 shares. (ii) shared power to vote or direct the vote: 285,215 shares.(1) (iii) sole power to dispose or direct the disposition of: 124,516 shares. (iv) shared power to dispose or direct the disposition of: 285,215 shares.(1) 4. Barry Rubenstein: (a) Amount Beneficially Owned: 409,731 shares. (b) Percent of Class: 5.3% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 103,064 shares. (ii) shared power to vote or direct the vote: 306,667 shares.(1) (iii) sole power to dispose or direct the disposition of: 103,064 shares. (iv) shared power to dispose or direct the disposition of: 306,667 shares.(1) 5. Marilyn Rubenstein: (a) Amount Beneficially Owned: 409,731 shares. (b) Percent of Class: 5.3% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 81,243 shares. (ii) shared power to vote or direct the vote: 328,488 shares.(1) (iii) sole power to dispose or direct the disposition of: 81,243 shares. (iv) shared power to dispose or direct the disposition of: 328,488 shares.(1) 6. The Marilyn and Barry Rubenstein Family Foundation: (a) Amount Beneficially Owned: 409,731 shares. (b) Percent of Class: 5.3% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 100,000 shares. (ii) shared power to vote or direct the vote: 309,731 shares.(1) (iii) sole power to dispose or direct the disposition of: 100,000 shares. (iv) shared power to dispose or direct the disposition of: 309,731 shares.(1) 7. Woodland Services Corp.: (a) Amount Beneficially Owned: 409,731 shares. (b) Percent of Class: 5.3% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 908 shares. (ii) shared power to vote or direct the vote: 408,823 shares.(1) (iii) sole power to dispose or direct the disposition of: 908 shares. (iv) shared power to dispose or direct the disposition of: 408,823 shares.(1) - -------- (1)The reporting person disclaims beneficial ownership of these securities except to the extent of his/her/its equity interest therein. Page 10 of 15 8. Brian Rubenstein: (a) Amount Beneficially Owned: 100,000 shares. (b) Percent of Class: 1.3% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 0 shares. (ii) shared power to vote or direct the vote: 100,000 shares.(1) (iii) sole power to dispose or direct the disposition of: 0 shares. (iv) shared power to dispose or direct the disposition of: 100,000 shares.(1) 9. Rebecca Rubenstein: (a) Amount Beneficially Owned: 100,000 shares. (b) Percent of Class: 1.3% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 0 shares. (ii) shared power to vote or direct the vote: 100,000 shares.(1) (iii) sole power to dispose or direct the disposition of: 0 shares. (iv) shared power to dispose or direct the disposition of: 100,000 shares.(1) Item 8. Identification and Classification of Members of the Group See Exhibit A for Joint Filing Agreement attached hereto. See Exhibit B for Brian Rubenstein - Power of Attorney attached hereto. See Exhibit C for Rebecca Rubenstein - Power of Attorney attached hereto. Page 11 of 15 SIGNATURE After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned hereby certifies that the information set forth in this statement is true, complete and correct. Date: February 12, 1998 /s/ Barry Rubenstein -------------------------------------- Barry Rubenstein, Individually, as General Partner on behalf of Woodland Partners, as President of Woodland Services Corp. and as a Trustee of The Marilyn and Barry Rubenstein Family Foundation /s/ Marilyn Rubenstein -------------------------------------- Marilyn Rubenstein * -------------------------------------- Brian Rubenstein * -------------------------------------- Rebecca Rubenstein *By: /s/ Barry Rubenstein -------------------- Barry Rubenstein Attorney-in-Fact Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) Page 12 of 15 Exhibit A JOINT FILING AGREEMENT In accordance with Rule 13d-1(f) under the Securities Exchange Act, as amended, the undersigned hereby agree to the joint filing on behalf of each of them on a statement on Schedule 13G (including amendments thereto) with respect to the Common Stock, $0.001 par value per share, of International Sports Wagering, Inc. and that this Agreement be included as an Exhibit to such joint filing. IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 12th day of February, 1998. /s/ Barry Rubenstein -------------------------------------- Barry Rubenstein, Individually, as General Partner on behalf of Woodland Partners, as President of Woodland Services Corp. and as a Trustee of The Marilyn and Barry Rubenstein Family Foundation /s/ Marilyn Rubenstein -------------------------------------- Marilyn Rubenstein * -------------------------------------- Brian Rubenstein * -------------------------------------- Rebecca Rubenstein *By: /s/ Barry Rubenstein -------------------- Barry Rubenstein Attorney-in-Fact Page 13 of 15 Exhibit B POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears below constitutes and appoints BARRY RUBENSTEIN, his true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all statements and reports required under Section 13(d) of the Securities Exchange Act of 1934, as amended, including, without limitation, Schedule 13G and all amendments of all such statements and/or reports, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission and with such other parties as may be required, granting unto said attorney-in-fact and agent, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent or any of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue thereof. IN WITNESS WHEREOF, I have hereunto set my hand this 12th day of February, 1998. /s/ Brian Rubenstein -------------------------------------- Brian Rubenstein Page 14 of 15 Exhibit C POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears below constitutes and appoints BARRY RUBENSTEIN, her true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for her and in her name, place and stead, in any and all capacities, to sign any and all statements and reports required under Section 13(d) of the Securities Exchange Act of 1934, as amended, including, without limitation, Schedule 13G and all amendments of all such statements and/or reports, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission and with such other parties as may be required, granting unto said attorney-in-fact and agent, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent or any of them, or their or her substitute or substitutes, may lawfully do or cause to be done by virtue thereof. IN WITNESS WHEREOF, I have hereunto set my hand this 12th day of February, 1998. /s/ Rebecca Rubenstein ------------------------------------- Rebecca Rubenstein Page 15 of 15 -----END PRIVACY-ENHANCED MESSAGE-----