-----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, JKGatF/u5s4p0mpPFd8YW1wjvc1mK61saGATsxJ7zJaLl/3QdAqTIzxwp/3imAST 1arxOjItjSymwTDar3cRVA== 0000950146-98-000930.txt : 19980529 0000950146-98-000930.hdr.sgml : 19980529 ACCESSION NUMBER: 0000950146-98-000930 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980528 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: YES ENTERTAINMENT CORP CENTRAL INDEX KEY: 0000943747 STANDARD INDUSTRIAL CLASSIFICATION: GAMES, TOYS & CHILDREN'S VEHICLES (NO DOLLS & BICYCLES) [3944] IRS NUMBER: 943165290 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-47393 FILM NUMBER: 98633229 BUSINESS ADDRESS: STREET 1: 3875 HOPYARD RD STE 375 CITY: PLEASANTON STATE: CA ZIP: 94588 BUSINESS PHONE: 5108479444 MAIL ADDRESS: STREET 1: 3875 HOPYARD ROAD STREET 2: SUITE 375 CITY: PLEASANTON STATE: CA ZIP: 94588 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: APPLEWOOD ASSOCIATES L P CENTRAL INDEX KEY: 0000885787 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 68 WHEATLEY RD CITY: BROOKVILLE STATE: NY ZIP: 11545 BUSINESS PHONE: 2127358600 SC 13D 1 SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 S C H E D U L E 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. 2)(1) YES! ENTERTAINMENT CORPORATION - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, $0.01 PAR VALUE - -------------------------------------------------------------------------------- (Title of Class of Securities) 985834100 - -------------------------------------------------------------------------------- (CUSIP Number) Copy to: Stephen A. Cohen, Esq. Applewood Associates, L.P. Morrison Cohen Singer & Weinstein, LLP 68 Wheatley Road 750 Lexington Avenue Brookville, New York 11545 New York, New York 10022 Telephone (516) 626-3070 Telephone (212) 735-8600
- -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) May 19, 1998 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [ ]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. (Continued on following pages) - ---------- (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). Page 1 of 19 Pages CUSIP No. 985834100 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Applewood Associates, L.P. ================================================================================ 2 Check the Appropriate Box if a Member of a Group* (a) [ ] (b) [ ] ================================================================================ 3 SEC Use Only ================================================================================ 4 Source of Funds* WC, OO [ ] ================================================================================ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) ================================================================================ 6 Citizenship or Place of Organization New York ================================================================================ 7 Sole Voting Power Number of 49,631 shares 0.3% Shares ============================================================== Beneficially 8 Shared Voting Power Owned By 0 shares 0% Each ============================================================== Reporting 9 Sole Dispositive Power Person 49,631 shares 0.3% With ============================================================== 10 Shared Dispositive Power 0 shares 0% ================================================================================ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 49,631 shares ================================================================================ 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] ================================================================================ 13 Percent of Class Represented by Amount in Row (11) 0.3% ================================================================================ 14 Type of Reporting Person* PN =============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 19 Pages CUSIP No. 985834100 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Barry Rubenstein ================================================================================ 2 Check the Appropriate Box if a Member of a Group* (a) [ ] (b) [ ] ================================================================================ 3 SEC Use Only ================================================================================ 4 Source of Funds* PF, WC, OO ================================================================================ 5 Check Box if Disclosure of Legal Proceedings is Required [ ] Pursuant to Item 2(d) or 2(e) ================================================================================ 6 Citizenship or Place of Organization United States ================================================================================ 7 Sole Voting Power Number of 21,137 shares 0.1% Shares ============================================================== Beneficially 8 Shared Voting Power Owned By 852,877 shares 5.1% Each ============================================================== Reporting 9 Sole Dispositive Power Person 21,137 shares 0.1% With ============================================================== 10 Shared Dispositive Power 852,877 shares 5.1% ================================================================================ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 874,014 shares ================================================================================ 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] ================================================================================ 13 Percent of Class Represented by Amount in Row (11) 5.2% ================================================================================ 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 19 Pages CUSIP No. 985834100 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Barry Fingerhut ================================================================================ 2 Check the Appropriate Box if a Member of a Group* (a) [ ] (b) [ ] ================================================================================ 3 SEC Use Only ================================================================================ 4 Source of Funds* PF, WC, OO ================================================================================ 5 Check Box if Disclosure of Legal Proceedings is Required [ ] Pursuant to Item 2(d) or 2(e) ================================================================================ 6 Citizenship or Place of Organization United States ================================================================================ 7 Sole Voting Power Number of 21,137 shares 0.1% Shares ============================================================== Beneficially 8 Shared Voting Power Owned By 832,963 shares 5.0% Each ============================================================== Reporting 9 Sole Dispositive Power Person 21,137 shares 0.1% With ============================================================== 10 Shared Dispositive Power 832,963 shares 5.0% ================================================================================ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 854,100 shares ================================================================================ 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] ================================================================================ 13 Percent of Class Represented by Amount in Row (11) 5.1% ================================================================================ 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 4 of 19 Pages CUSIP No. 985834100 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Irwin Lieber ================================================================================ 2 Check the Appropriate Box if a Member of a Group* (a) [ ] (b) [ ] ================================================================================ 3 SEC Use Only ================================================================================ 4 Source of Funds* PF, WC, OO ================================================================================ 5 Check Box if Disclosure of Legal Proceedings is Required [ ] Pursuant to Item 2(d) or 2(e) ================================================================================ 6 Citizenship or Place of Organization United States ================================================================================ 7 Sole Voting Power Number of 21,137 shares 0.1% Shares ============================================================== Beneficially 8 Shared Voting Power Owned By 832,963 shares 5.0% Each ============================================================== Reporting 9 Sole Dispositive Power Person 21,137 shares 0.1% With ============================================================== 10 Shared Dispositive Power 832,963 shares 5.0% ================================================================================ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 854,100 shares ================================================================================ 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] ================================================================================ 13 Percent of Class Represented by Amount in Row (11) 5.1% ================================================================================ 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 5 of 19 Pages CUSIP No. 985834100 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Woodland Partners ================================================================================ 2 Check the Appropriate Box if a Member of a Group* (a) [ ] (b) [ ] ================================================================================ 3 SEC Use Only ================================================================================ 4 Source of Funds* WC, OO ================================================================================ 5 Check Box if Disclosure of Legal Proceedings is Required [ ] Pursuant to Item 2(d) or 2(e) ================================================================================ 6 Citizenship or Place of Organization New York ================================================================================ 7 Sole Voting Power Number of 0 shares 0% Shares ============================================================== Beneficially 8 Shared Voting Power Owned By 0 shares 0% Each ============================================================== Reporting 9 Sole Dispositive Power Person 0 shares 0% With ============================================================== 10 Shared Dispositive Power 0 shares 0% ================================================================================ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 0 shares ================================================================================ 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] ================================================================================ 13 Percent of Class Represented by Amount in Row (11) 0% ================================================================================ 14 Type of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 6 of 19 Pages CUSIP No. 985834100 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Woodland Venture Fund ================================================================================ 2 Check the Appropriate Box if a Member of a Group* (a) [ ] (b) [ ] ================================================================================ 3 SEC Use Only ================================================================================ 4 Source of Funds* WC, OO ================================================================================ 5 Check Box if Disclosure of Legal Proceedings is Required [ ] Pursuant to Item 2(d) or 2(e) ================================================================================ 6 Citizenship or Place of Organization New York ================================================================================ 7 Sole Voting Power Number of 9,957 shares 0.1% Shares ============================================================== Beneficially 8 Shared Voting Power Owned By 9,957 shares 0.1% Each ============================================================== Reporting 9 Sole Dispositive Power Person 9,957 shares 0.1% With ============================================================== 10 Shared Dispositive Power 9,957 shares 0.1% ================================================================================ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 19,914 shares ================================================================================ 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] ================================================================================ 13 Percent of Class Represented by Amount in Row (11) 0.1% ================================================================================ 14 Type of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 7 of 19 Pages CUSIP No. 985834100 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Seneca Ventures ================================================================================ 2 Check the Appropriate Box if a Member of a Group* (a) [ ] (b) [ ] ================================================================================ 3 SEC Use Only ================================================================================ 4 Source of Funds* PF, WC, OO ================================================================================ 5 Check Box if Disclosure of Legal Proceedings is Required [ ] Pursuant to Item 2(d) or 2(e) ================================================================================ 6 Citizenship or Place of Organization New York ================================================================================ 7 Sole Voting Power Number of 9,957 shares 0.1% Shares ============================================================== Beneficially 8 Shared Voting Power Owned By 9,957 shares 0.1% Each ============================================================== Reporting 9 Sole Dispositive Power Person 9,957 shares 0.1% With ============================================================== 10 Shared Dispositive Power 9,957 shares 0.1% ================================================================================ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 19,914 shares ================================================================================ 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] ================================================================================ 13 Percent of Class Represented by Amount in Row (11) 0.1% ================================================================================ 14 Type of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 8 of 19 Pages CUSIP No. 985834100 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Marilyn Rubenstein ================================================================================ 2 Check the Appropriate Box if a Member of a Group* (a) [ ] (b) [ ] ================================================================================ 3 SEC Use Only ================================================================================ 4 Source of Funds* WC, OO ================================================================================ 5 Check Box if Disclosure of Legal Proceedings is Required [ ] Pursuant to Item 2(d) or 2(e) ================================================================================ 6 Citizenship or Place of Organization United States ================================================================================ 7 Sole Voting Power Number of 0 shares 0% Shares ============================================================== Beneficially 8 Shared Voting Power Owned By 41,051 shares 0.2% Each ============================================================== Reporting 9 Sole Dispositive Power Person 0 shares 0% With ============================================================== 10 Shared Dispositive Power 41,051 shares 0.2% ================================================================================ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 41,051 shares ================================================================================ 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] ================================================================================ 13 Percent of Class Represented by Amount in Row (11) 0.2% ================================================================================ 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 9 of 19 Pages CUSIP No. 985834100 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Seth Lieber ================================================================================ 2 Check the Appropriate Box if a Member of a Group* (a) [ ] (b) [ ] ================================================================================ 3 SEC Use Only ================================================================================ 4 Source of Funds* WC ================================================================================ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) ================================================================================ 6 Citizenship or Place of Organization United States ================================================================================ 7 Sole Voting Power Number of 0 shares 0% Shares ============================================================== Beneficially 8 Shared Voting Power Owned By 49,631 shares 0.3% Each ============================================================== Reporting 9 Sole Dispositive Power Person 0 shares 0% With ============================================================== 10 Shared Dispositive Power 49,631 shares 0.3% ================================================================================ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 49,631 shares ================================================================================ 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] ================================================================================ 13 Percent of Class Represented by Amount in Row (11) 0.3% ================================================================================ 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 10 of 19 Pages CUSIP No. 985834100 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Jonathan Lieber ================================================================================ 2 Check the Appropriate Box if a Member of a Group* (a) [ ] (b) [ ] ================================================================================ 3 SEC Use Only ================================================================================ 4 Source of Funds* WC ================================================================================ 5 Check Box if Disclosure of Legal Proceedings is Required [ ] Pursuant to Item 2(d) or 2(e) ================================================================================ 6 Citizenship or Place of Organization United States ================================================================================ 7 Sole Voting Power Number of 0 shares 0% Shares ============================================================== Beneficially 8 Shared Voting Power Owned By 49,631 shares 0.3% Each ============================================================== Reporting 9 Sole Dispositive Power Person 0 shares 0% With ============================================================== 10 Shared Dispositive Power 49,631 shares 0.3% ================================================================================ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 49,631 shares ================================================================================ 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] ================================================================================ 13 Percent of Class Represented by Amount in Row (11) 0.3% ================================================================================ 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 11 of 19 Pages CUSIP No. 985834100 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Woodland Services Corp. ================================================================================ 2 Check the Appropriate Box if a Member of a Group* (a) [ ] (b) [ ] ================================================================================ 3 SEC Use Only ================================================================================ 4 Source of Funds* WC, OO ================================================================================ 5 Check Box if Disclosure of Legal Proceedings is Required [ ] Pursuant to Item 2(d) or 2(e) ================================================================================ 6 Citizenship or Place of Organization New York ================================================================================ 7 Sole Voting Power Number of 0 shares 0% Shares ============================================================== Beneficially 8 Shared Voting Power Owned By 19,914 shares 0.1% Each ============================================================== Reporting 9 Sole Dispositive Power Person 0 shares 0% With ============================================================== 10 Shared Dispositive Power 19,914 shares 0.1% ================================================================================ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 19,914 shares ================================================================================ 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] ================================================================================ 13 Percent of Class Represented by Amount in Row (11) 0.1% ================================================================================ 14 Type of Reporting Person* CO ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 12 of 19 Pages CUSIP No. 985834100 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) The Marilyn and Barry Rubenstein Family Foundation ================================================================================ 2 Check the Appropriate Box if a Member of a Group* (a) [ ] (b) [ ] ================================================================================ 3 SEC Use Only ================================================================================ 4 Source of Funds* WC, OO ================================================================================ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) ================================================================================ 6 Citizenship or Place of Organization New York ================================================================================ 7 Sole Voting Power Number of 0 shares 0% Shares ============================================================== Beneficially 8 Shared Voting Power Owned By 0 shares 0% Each ============================================================== Reporting 9 Sole Dispositive Power Person 0 shares 0% With ============================================================== 10 Shared Dispositive Power 0 shares 0% ================================================================================ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 0 shares ================================================================================ 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] ================================================================================ 13 Percent of Class Represented by Amount in Row (11) 0% ================================================================================ 14 Type of Reporting Person* OO ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 13 of 19 Pages This Statement, dated May 19, 1998, constitutes Amendment No. 2 to the Schedule 13D, dated June 8, 1995, regarding the reporting persons ownership of certain securities of YES! Entertainment Corporation (the "Issuer"). The Schedule 13D is hereinafter referred to as the "Schedule." All capitalized terms used herein and otherwise undefined shall have the meanings ascribed in the Schedule. This Amendment No. 2 to the Schedule is filed in accordance with Rule 13d-2 of the Securities Exchange Act of 1934, as amended, by the reporting persons. It shall refer only to information which has materially changed since the filing of the Schedule. ITEM 4. Purpose of Transaction. Certain reporting persons have filed Form 144's, Notice of Proposed Sale of Securities Pursuant to Rule 144 Under The Securities Act of 1933, indicating an intention to sell additional securities of the Issuer from time to time. ITEM 5. Interests in Securities of the Issuer. (a) The following list sets forth the aggregate number and percentage (based on 16,440,733 shares of Common Stock outstanding as reported in the Issuer's Form 10-K for the year ended December 31, 1997) of outstanding shares of Common Stock owned beneficially by each reporting person named in Item 2, as of May 19, 1998:
Shares of Percentage of Shares Common Stock of Common Stock Name Beneficially Owned(2) Beneficially Owned(2) - ---- --------------------- --------------------- Applewood Associates, L.P. 49,631 0.3% Barry Rubenstein 874,014(3,4,5,6,7) 5.2%
- ---------- (2) Includes shares of Common Stock issuable upon the exercise of the Private Placement Warrants. (3) The reporting person disclaims beneficial ownership of these securities, except to the extent of his/her/its equity interest therein. (4) Includes 350,314 shares of Common Stock and 180,807 shares of Common Stock issuable upon the exercise of the Private Placement Warrants owned by 21st Century, 47,161 shares of Common Stock owned by Foreign, 24,341 shares of Common Stock issuable upon the exercise of the Private Placement Warrants owned by Foreign, 119,191 shares of Common Stock owned by T-E, and 61,518 shares of Common Stock issuable upon the exercise of the Private Placement Warrants owned by T-E. (5) Includes 49,631 shares of Common Stock issuable upon the exercise of the Private Placement Warrants owned by Applewood. (6) Includes 18,380 shares of Common Stock and 2,757 shares of Common Stock issuable upon the exercise of the Private Placement Warrants owned by Barry Rubenstein. (7) Includes 9,957 shares and 9,957 shares of Common Stock issuable upon the exercise of the Private Placement Warrants owned by the Fund and Seneca, respectively. Page 14 of 19 Pages
Shares of Percentage of Shares Common Stock of Common Stock Name Beneficially Owned(2) Beneficially Owned(2) - ---- --------------------- --------------------- Barry Fingerhut 854,100(3,4,5,8) 5.1% Irwin Lieber 854,100(3,4,5,9) 5.1% Woodland Partners 0 0% Woodland Venture Fund 19,914(3,7) 0.1% Seneca Ventures 19,914(3,7) 0.1% Woodland Services Corp. 19,914(3,7) 0.1% The Marilyn and Barry Rubenstein Family Foundation 0 0% Marilyn Rubenstein 41,051(3,6,7) 0.2% Seth Lieber 49,631(3,5) 0.3% Jonathan Lieber 49,631(3,5) 0.3%
(b) Applewood has sole power to vote and to dispose of 49,631 shares of Common Stock (which represents shares issuable upon the exercise of the Private Placement Warrants), representing approximately 0.3% of the outstanding Common Stock. By virtue of being a shareholder, officer and director of InfoMedia, a general partner of Applewood, of Seneca, and the Fund, Barry Rubenstein may be deemed to have shared power to vote and to dispose of 852,877 shares of Common Stock (which includes shares issuable upon the exercise of the Private Placement Warrants), representing approximately 5.1% of the outstanding Common Stock. Barry Rubenstein has sole power to vote and to dispose of 18,380 shares of Common Stock and 2,757 shares of Common Stock issuable upon the exercise of the Private Placement Warrants, representing approximately 0.1% of the outstanding Common Stock. By virtue of being a shareholder, officer and director of InfoMedia and a general partner of Applewood, Barry Fingerhut may be deemed to have shared power to vote and to dispose of 832,963 shares of Common Stock (which includes shares issuable upon the exercise of the Private Placement Warrants), representing approximately 5.0% of the outstanding Common Stock. Barry Fingerhut has sole power to vote and to dispose of 18,380 shares of Common Stock and 2,757 shares of Common Stock issuable upon the exercise of the Private Placement Warrants, representing approximately 0.1% of the outstanding Common Stock. By virtue of being a shareholder, officer and director of InfoMedia and a general partner of Applewood, Irwin Lieber may be deemed to have shared power to vote and to dispose of 832,963 shares of Common Stock (which includes shares issuable upon the exercise of the Private Placement Warrants), representing approximately 5.0% of the outstanding Common Stock. Irwin Lieber has sole power to vote and to dispose of 18,380 shares of Common Stock and 2,757 shares of Common Stock issuable upon the exercise of the Private Placement Warrants, representing approximately 0.1% of the outstanding Common Stock. - ---------- (8) Includes 18,380 shares of Common Stock and 2,757 shares of Common Stock issuable upon the exercise of the Private Placement Warrants owned by Barry Fingerhut. (9) Includes 18,380 shares of Common Stock and 2,757 shares of Common Stock issuable upon the exercise of the Private Placement Warrants owned by Irwin Lieber. Page 15 of 19 Pages The Fund has sole power to vote and to dispose of 9,957 shares of Common Stock (which represents shares issuable upon the exercise of the Private Placement Warrants), representing approximately 0.1% of the outstanding Common Stock, and may be deemed to have shared power to vote and to dispose of 9,957 shares of Common Stock (which includes shares issuable upon the exercise of the Private Placement Warrants), representing approximately 0.1% of the outstanding Common Stock. Seneca has sole power to vote and to dispose of 9,957 shares of Common Stock (which represents shares issuable upon the exercise of the Private Placement Warrants), representing approximately 0.1% of the outstanding Common Stock, and may be deemed to have shared power to vote and to dispose of 9,957 shares of Common Stock (which includes shares issuable upon the exercise of the Private Placement Warrants), representing approximately 0.1% of the outstanding Common Stock. By virtue of being a general partner of Seneca and the Fund, Services may be deemed to have shared power to vote and to dispose of 19,914 shares of Common Stock (which includes shares issuable upon the exercise of the Private Placement Warrants), representing approximately 0.1% of the outstanding Common Stock. By virtue of being wife of Barry Rubenstein, Marilyn Rubenstein may be deemed to have shared power to vote and to dispose of 41,051 shares of Common Stock (which includes shares issuable upon the exercise of the Private Placement Warrants), representing approximately 0.2% of the outstanding Common Stock. By virtue of being an officer of Applewood Capital Corp., Seth Lieber may be deemed to have shared power to vote and to dispose of 49,631 shares of Common Stock (which represents shares issuable upon the exercise of the Private Placement Warrants), representing approximately 0.3% of the outstanding Common Stock. By virtue of being an officer of Applewood Capital Corp., Jonathan Lieber may be deemed to have shared power to vote and to dispose of 49,631 shares of Common Stock (which represents shares issuable upon the exercise of the Private Placement Warrants), representing approximately 0.3% of the outstanding Common Stock. (c) The following is a description of all transactions in the securities of the Issuer by the persons identified in Item 2 of this Schedule 13D effected from March 19, 1998 to May 19, 1998, inclusive: Page 16 of 19 Pages
Purchase Number of Purchase or Warrants or Name of Shareholder Sale Date Purchased or (Sold) Sales Price - ------------------- --------- ------------------- ----------- Applewood Associates, L.P. 4/20/98 (50,000) $ 0.625 5/19/98 (425,857) $ 0.625 Seneca Ventures 5/19/98 (105,809) $ 0.625 Woodland Venture Fund 5/19/98 (105,809) $ 0.625
The reporting persons made their sales of securities in the over-the-counter market. (d) No other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of such securities. (e) On January 5, 1996, Woodland Partners, the Fund, Seneca, Marilyn Rubenstein, Services and the Foundation ceased to be the beneficial owners of more than five percent (5%) of the Common Stock. As of April 1, 1996, Applewood Associates, L.P., Seth Lieber and Jonathan Lieber ceased to be the beneficial owners of more than five percent (5%) of the Common Stock. Page 17 of 19 Pages 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 Schedule is true, complete, and correct. Date: May 27, 1998 APPLEWOOD ASSOCIATES, L.P. By: /s/ Barry Rubenstein ----------------------------------------------- Barry Rubenstein, A General Partner WOODLAND PARTNERS By: /s/ Barry Rubenstein ----------------------------------------------- Barry Rubenstein, A General Partner SENECA VENTURES By: /s/ Barry Rubenstein ----------------------------------------------- Barry Rubenstein, A General Partner WOODLAND VENTURE FUND By: /s/ Barry Rubenstein ----------------------------------------------- Barry Rubenstein, A General Partner WOODLAND SERVICES CORP. By: /s/ Barry Rubenstein ----------------------------------------------- Barry Rubenstein, President Page 18 of 19 Pages THE MARILYN AND BARRY RUBENSTEIN FAMILY FOUNDATION By: /s/ Barry Rubenstein ----------------------------------------------- Barry Rubenstein, Trustee /s/ Barry Rubenstein --------------------------------------------------- Barry Rubenstein /s/ Irwin Lieber --------------------------------------------------- Irwin Lieber /s/ Barry Fingerhut --------------------------------------------------- Barry Fingerhut /s/ Marilyn Rubenstein --------------------------------------------------- Marilyn Rubenstein /s/ Seth Lieber --------------------------------------------------- Seth Lieber /s/ Jonathan Lieber --------------------------------------------------- Jonathan Lieber ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). Page 19 of 19 Pages -----END PRIVACY-ENHANCED MESSAGE-----