0000912057-01-535392.txt : 20011019 0000912057-01-535392.hdr.sgml : 20011019 ACCESSION NUMBER: 0000912057-01-535392 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20011015 GROUP MEMBERS: JANUARY ASSOCIATES GROUP MEMBERS: OWEN RANDALL RISSMAN GROUP MEMBERS: OWEN RANDALL RISSMAN 1997 FAMILY TRUST GROUP MEMBERS: ROGER SHIFFMAN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DREAMS INC CENTRAL INDEX KEY: 0000810829 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 870368170 STATE OF INCORPORATION: UT FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42351 FILM NUMBER: 1758857 BUSINESS ADDRESS: STREET 1: 5009 HIATUS ROAD STREET 2: GARDEN STE CITY: SUNRISE STATE: FL ZIP: 33351 BUSINESS PHONE: 8007497529 MAIL ADDRESS: STREET 1: 5009 HIATUS ROAD STREET 2: 5009 HIATUS ROAD CITY: OREM STATE: UT ZIP: 84057 FORMER COMPANY: FORMER CONFORMED NAME: STRATAMERICA CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: D I PARTNERSHIP CENTRAL INDEX KEY: 0001126979 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 364393342 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 180 N LA SALLE STREET STREET 2: SUITE 2700 CITY: CHICAGO STATE: IL ZIP: 60601 BUSINESS PHONE: 3128455101 MAIL ADDRESS: STREET 1: 180 N LA SALLE STREET STREET 2: SUITE 2700 CITY: CHICAGO STATE: IL ZIP: 60601 SC 13G/A 1 a2061138zsc13ga.txt SC 13G/A ========================= OMB APPROVAL ========================= OMB Number: 3235-0145 ========================= Expires: October 31, 2002 ========================= Estimated average burden hours per response...14.9 ========================= UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1)* Dreams, Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, No Par Value -------------------------------------------------------------------------------- (Title of Class of Securities) 261983100 -------------------------------------------------------------------------------- (CUSIP Number) October 3, 2001 -------------------------------------------------------------------------------- (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) *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). CUSIP No. 261983100 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). DI Partnership -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions). (a) (b) See the response to ITEM 8 -------------------------------------------------------------------------------- 3. SEC Use Only -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Illinois -------------------------------------------------------------------------------- Number of 5. Sole Voting Power Shares Zero Beneficially ------------------------------------------------------------ Owned by 6. Shared Voting Power Each Zero Reporting ------------------------------------------------------------ Person With 7. Sole Dispositive Power Zero ------------------------------------------------------------ 8. Shared Dispositive Power Zero -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person Zero -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) Zero. -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) PN -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Owen Randall Rissman -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions). (a) (b) See the response to ITEM 8 -------------------------------------------------------------------------------- 3. SEC Use Only -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization USA -------------------------------------------------------------------------------- Number of 5. Sole Voting Power Shares 3,103,335 Beneficially ------------------------------------------------------------ Owned by 6. Shared Voting Power Each Zero Reporting ------------------------------------------------------------ Person With 7. Sole Dispositive Power 3,103,335 ------------------------------------------------------------ 8. Shared Dispositive Power Zero -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,103,335 -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.58% -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IN -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Roger Shiffman -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions). (a) (b) See the response to ITEM 8 -------------------------------------------------------------------------------- 3. SEC Use Only -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization USA -------------------------------------------------------------------------------- Number of 5. Sole Voting Power Shares 1,255,000 Beneficially ------------------------------------------------------------ Owned by 6. Shared Voting Power Each Zero Reporting ------------------------------------------------------------ Person With 7. Sole Dispositive Power 1,255,000 ------------------------------------------------------------ 8. Shared Dispositive Power Zero -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,255,000 -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 2.26% -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IN -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Owen Randall Rissman 1997 Family Trust -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions). (a) (b) See the response to ITEM 8 -------------------------------------------------------------------------------- 3. SEC Use Only -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Illinois -------------------------------------------------------------------------------- Number of 5. Sole Voting Power Shares 1,551,665* Beneficially ------------------------------------------------------------ Owned by 6. Shared Voting Power Each Zero Reporting ------------------------------------------------------------ Person With 7. Sole Dispositive Power 1,551,665* ------------------------------------------------------------ 8. Shared Dispositive Power Zero *See the NOTE to the response to ITEM 4. -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,551,665 -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 2.79% -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) OO -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). January Associates -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions). (a) (b) See the response to ITEM 8 -------------------------------------------------------------------------------- 3. SEC Use Only -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Illinois -------------------------------------------------------------------------------- Number of 5. Sole Voting Power Shares 190,000* Beneficially ------------------------------------------------------------ Owned by 6. Shared Voting Power Each Zero Reporting ------------------------------------------------------------ Person With 7. Sole Dispositive Power 190,000* ------------------------------------------------------------ 8. Shared Dispositive Power Zero *See the NOTE to the response to ITEM 4. -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 190,000 -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 0.34% -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) PN -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- ITEM 1. (a) Name of Issuer........................................................Dreams, Inc. (b) Address of Issuer's Principal Executive Offices.......................5009 Hiatus Road Sunrise, FL 33351 ITEM 2. (a) Name of Persons Filing................................................DI Partnership; Owen Randall Rissman; Roger Shiffman; Owen Randall Rissman 1997 Family Trust; and January Associates (b) Address of Principal Business Office..................................All filers: c/o Robert Dunn Glick 180 North LaSalle Street Suite 2700 Chicago, IL 60601 (c) Citizenship...........................................................USA for all filers (DI Partnership was organized in Illinois; January Associates was also organized in Illinois; and the situs of the Owen Randall Rissman 1997 Family Trust is in Illinois) (d) Title of Class of Securities..........................................Common Stock, No Par Value (e) CUSIP Number..........................................................261983100
ITEM 3. Not Applicable ITEM 4. OWNERSHIP The following information is provided regarding the aggregate number and percentage of the class of securities of the issuer identified in ITEM 1: (a) Amount beneficially owned: DI Partnership.......................................Zero Owen Randall Rissman.................................3,103,335 shares Roger Shiffman.......................................1,255,000 shares Owen Randall Rissman 1997 Family Trust..................................1,551,665 shares January Associates...................................190,000 shares (b) Percent of Class: DI Partnership.......................................Zero Owen Randall Rissman.................................5.58% Roger Shiffman.......................................2.26% Owen Randall Rissman 1997 Family Trust..................................2.79% January Associates...................................0.34% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: DI Partnership..................................Zero Owen Randall Rissman............................3,103,335 shares Roger Shiffman..................................1,255,000 shares Owen Randall Rissman 1997 Family Trust.............................1,551,665 shares January Associates..............................190,000 shares (ii) Shared power to vote or to direct the vote: DI Partnership..................................Zero Owen Randall Rissman............................Zero Roger Shiffman..................................Zero Owen Randall Rissman 1997 Family Trust.............................Zero January Associates..............................Zero (iii) Sole power to dispose or to direct the disposition: DI Partnership.................................Zero Owen Randall Rissman...........................3,103,335 shares Roger Shiffman.................................1,255,000 shares Owen Randall Rissman 1997 Family Trust............................1,551,665 shares January Associates.............................190,000 shares (iv) Shared power to dispose or to direct the disposition: DI Partnership.................................Zero Owen Randall Rissman...........................Zero Roger Shiffman.................................Zero Owen Randall Rissman 1997 Family Trust............................Zero January Associates.............................Zero
*NOTE: Although the Owen Randall Rissman 1997 Family Trust and January Associates do not share beneficial ownership of any shares of Common Stock, No Par Value, of the issuer, because Robert Dunn Glick, whose business address is 180 North LaSalle Street, Suite 2700, Chicago, Illinois 60601, is the Trustee of the Owen Randall Rissman 1997 Family Trust and the general partner of January Associates, Mr. Glick has the sole power to vote, and the sole power to dispose of, the shares of Common Stock, No Par Value, of the issuer beneficially owned by each of the Owen Randall Rissman 1997 Family Trust and January Associates. Thus, in the aggregate, Mr. Glick has the sole right to vote, and the sole right to dispose of, a total 1,741,665 shares of Common Stock, No Par Value, of the issuer, which represents an aggregate percent of the class equal to 3.13%. 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 [X]. NOTE: This Amendment No. 1 to Schedule 13G is being filed to report that because of the termination of DI Partnership as of the date hereof each of DI Partnership, Roger Shiffman, Owen Randall Rissman 1997 Family Trust and January Associates is the beneficial owner of less than five percent of the Common Stock, No Par Value, of the issuer. However, one former partner of DI Partnership, Owen Randall Rissman, will beneficially own more than five percent of the Common Stock, No Par Value, of the issuer after the termination of DI Partnership and he is, therefore, simultaneously herewith, filing a new Schedule 13G on his own behalf to report his 5.58% interest in said class of securities. ITEM 6. Not applicable. ITEM 7. Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP Not applicable. However, please note that the Schedule 13G amended hereby was filed jointly by DI Partnership, an Illinois general partnership, and the persons who were then the general partners of DI Partnership (i.e., Owen Randall Rissman, Roger Shiffman, Owen Randall Rissman 1997 Family Trust and January Associates) for the reason that they shared beneficial ownership of the securities covered by the Schedule 13G, even though the individual partners did not act as a "group" with their partnership for purposes of filing the Schedule 13G. The purpose of this Amendment No. 1 is to report the fact that DI Partnership has been terminated and that the shares of Common Stock, No Par Value, of the issuer formerly owned by and held in the name of DI Partnership have been distributed to the former partners of DI Partnership in accordance with their respective partnership interests, and not to report the termination of a "group" for Schedule 13G reporting purposes. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable. However, please see the response to ITEM 8, immediately above. ITEM 10. CERTIFICATION By signing below we certify that, to the best of our 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. SIGNATURE After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. DI Partnership Owen Randall Rissman 1997 Family Trust By: January Associates, General Partner By: /s/ Robert Dunn Glick --------------------------- Robert Dunn Glick, Trustee By: /s/ Robert Dunn Glick --------------------- Robert Dunn Glick, General Partner Owen Randall Rissman January Associates By: /s/ Robert Dunn Glick By: /s/ Robert Dunn Glick --------------------------- ---------------------------- Robert Dunn Glick, pursuant Robert Dunn Glick, General Partner to a Power of Attorney dated October 23, 2000 Roger Shiffman By: /s/ Robert Dunn Glick --------------------------- Robert Dunn Glick, pursuant to a Power of Attorney dated October 23, 2000 EXHIBIT INDEX
Index No. Description --------- ----------- 1 Joint Filing Agreement 2 Power of Attorney
EX-1 3 a2061138zex-1.txt EXHIBIT 1 EXHIBIT 1 JOINT FILING AGREEMENT Exhibit 1, Joint Filing Agreement, dated October 23, 2000, to Schedule 13G, jointly filed with the Securities and Exchange Commission on October 25, 2000 by DI Partnership, Owen Randall Rissman, Roger Shiffman, Owen Randall Rissman 1997 Family Trust and January Associates with respect to the Common Stock, No Par Value, of Dreams, Inc., is hereby incorporated by reference into this Amendment No. 1 to the Schedule 13G. EX-2 4 a2061138zex-2.txt EXHIBIT 2 EXHIBIT 2 POWER OF ATTORNEY Exhibit 2, Power of Attorney from Owen Randall Rissman to Robert Dunn Glick, and Power of Attorney from Roger Shiffman to Robert Dunn Glick, each dated October 23, 2000, to Schedule 13G, jointly filed with the Securities and Exchange Commission on October 25, 2000 by DI Partnership, Owen Randall Rissman, Roger Shiffman, Owen Randall Rissman 1997 Family Trust and January Associates with respect to the Common Stock, No Par Value, of Dreams, Inc., is hereby incorporated by reference into this Amendment No. 1 to the Schedule 13G.