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
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
Dreams, Inc.
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(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
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
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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.