-----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, L6ZDnO76tvA3VOfY4ddjai+uwk/3lvnVv/phM2WximQXOXG2hJyPt6k+/o/BHjML qRZEGPTARyd14Rc/vDmVpA== 0000891554-99-000858.txt : 19990504 0000891554-99-000858.hdr.sgml : 19990504 ACCESSION NUMBER: 0000891554-99-000858 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990503 GROUP MEMBERS: 21ST CENTURY COMMUNICATIONS PARTNERS L P GROUP MEMBERS: 21ST CENTURY COMMUNICATIONS PARTNERS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SOURCE MEDIA INC CENTRAL INDEX KEY: 0000900029 STANDARD INDUSTRIAL CLASSIFICATION: TELEGRAPH & OTHER MESSAGE COMMUNICATIONS [4822] IRS NUMBER: 133700438 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-46351 FILM NUMBER: 99608165 BUSINESS ADDRESS: STREET 1: 5400 LBJ FREEWAY STE 680 CITY: DALLAS STATE: TX ZIP: 75231 BUSINESS PHONE: 9727015400 MAIL ADDRESS: STREET 1: 5400 LBJ FREEWAY STE 680 CITY: DALLAS STATE: TX ZIP: 75231 FORMER COMPANY: FORMER CONFORMED NAME: HB COMMUNICATIONS ACQUISITION CORP DATE OF NAME CHANGE: 19950703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: 21ST CENTURY COMMUNICATIONS PARTNERS L P CENTRAL INDEX KEY: 0000930868 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 767 FIFTH AVE STREET 2: 45TH FL CITY: NEW YORK STATE: NY ZIP: 10153 BUSINESS PHONE: 2127548100 SC 13D/A 1 AMENDMENT TO SCHEDULE 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 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. 7)(1) SOURCE MEDIA, INC. (Name of Issuer) COMMON STOCK, $0.001 PAR VALUE (Title of Class of Securities) 404091100 (CUSIP Number) Copy to: Mr. Edward Grinacoff Stephen A. Cohen, Esq. 21st Century Communications Morrison Cohen Singer Partners, L.P. & Weinstein, LLP 767 Fifth Avenue, 45th Floor 750 Lexington Avenue New York, New York 10153 New York, New York 10022 Telephone (212) 754-8100 Telephone (212) 735-8600 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 14, 1999 (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 page(s)) - ---------- (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). - 1 of 30 - CUSIP No. 404091100 13D ________________________________________________________________________________ 1 Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) 21 Century Communications Partners, L.P. ________________________________________________________________________________ 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 Items 2(D) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization Delaware ________________________________________________________________________________ 7 Sole Voting Power Number of 635,949 shares 4.7% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 301,989 shares 1.7% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 635,949 shares 4.7% Person _________________________________________________________________ 10 Shared Dispositive Power With 301,989 shares 1.7% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 937,938 shares ________________________________________________________________________________ 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 6.8% ________________________________________________________________________________ 14 Type of Reporting Person* PN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 2 of 30 - CUSIP No. 404091100 13D ________________________________________________________________________________ 1 Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) 21st Century Communications T-E Partners, L.P. ________________________________________________________________________________ 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 Items 2(D) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization Delaware ________________________________________________________________________________ 7 Sole Voting Power Number of 216,374 shares 1.7% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 721,564 shares 5.3% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 216,374 shares 1.7% Person _________________________________________________________________ 10 Shared Dispositive Power With 721,564 shares 5.3% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 937,938 shares ________________________________________________________________________________ 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 6.8% ________________________________________________________________________________ 14 Type of Reporting Person* PN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 3 of 30 - CUSIP No. 404091100 13D ________________________________________________________________________________ 1 Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) 21st Century Communications Foreign Partners, L.P. ________________________________________________________________________________ 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 Items 2(D) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization Delaware ________________________________________________________________________________ 7 Sole Voting Power Number of 85,615 shares 0.7% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 852,323 shares 6.2% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 85,615 shares 0.7% Person _________________________________________________________________ 10 Shared Dispositive Power With 852,323 shares 6.2% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 937,938 shares ________________________________________________________________________________ 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 6.8% ________________________________________________________________________________ 14 Type of Reporting Person* PN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 4 of 30 - CUSIP No. 404091100 13D ________________________________________________________________________________ 1 Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Michael Marocco ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* PF, OO ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(D) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 30,788 shares 0.2% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 937,938 shares 6.8% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 30,788 shares 0.2% Person _________________________________________________________________ 10 Shared Dispositive Power With 937,938 shares 6.8% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 968,726 shares ________________________________________________________________________________ 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 7.0% ________________________________________________________________________________ 14 Type of Reporting Person* IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 5 of 30 - CUSIP No. 404091100 13D ________________________________________________________________________________ 1 Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) John Kornreich ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* PF, OO ________________________________________________________________________________ 5 Check Box If Disclosure of Legal Proceedings is Required Pursuant to Items 2(D) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 0 shares 0% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 959,726 shares 7.0% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 0 shares 0% Person _________________________________________________________________ 10 Shared Dispositive Power With 959,726 shares 7.0% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 959,726 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 7.0% ________________________________________________________________________________ 14 Type of Reporting Person* IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 6 of 30 - CUSIP No. 404091100 13D ________________________________________________________________________________ 1 Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Harvey Sandler ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* PF, OO ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(D) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 38,129 shares 0.3% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 937,938 shares 6.8% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 38,129 shares 0.3% Person _________________________________________________________________ 10 Shared Dispositive Power With 937,938 shares 6.8% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 976,067 shares ________________________________________________________________________________ 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 7.1% ________________________________________________________________________________ 14 Type of Reporting Person* IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 7 of 30 - CUSIP No. 404091100 13D ________________________________________________________________________________ 1 Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Andrew Sandler ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* PF, OO ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(D) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 5,447 shares 0.1% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 937,938 shares 6.8% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 5,447 shares 0.1% Person _________________________________________________________________ 10 Shared Dispositive Power With 937,938 shares 6.8% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 943,385 shares ________________________________________________________________________________ 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 6.8% ________________________________________________________________________________ 14 Type of Reporting Person* IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 8 of 30 - CUSIP No. 404091100 13D ________________________________________________________________________________ 1 Names 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, OO ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(D) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 42,814 shares 0.3% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 1,039,813 shares 7.5% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 42,814 shares 0.3% Person _________________________________________________________________ 10 Shared Dispositive Power With 1,039,813 shares 7.5% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 1,082,627 shares ________________________________________________________________________________ 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 7.8% ________________________________________________________________________________ 14 Type of Reporting Person* IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 9 of 30 - CUSIP No. 404091100 13D ________________________________________________________________________________ 1 Names 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, OO ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(D) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 38,814 shares 0.3% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 937,938 shares 6.8% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 38,814 shares 0.3% Person _________________________________________________________________ 10 Shared Dispositive Power With 937,938 shares 6.8% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 976,752 shares ________________________________________________________________________________ 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 7.1% ________________________________________________________________________________ 14 Type of Reporting Person* IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 10 of 30 - CUSIP No. 404091100 13D ________________________________________________________________________________ 1 Names 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, OO ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(D) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 38,814 shares 0.3% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 937,938 shares 6.8% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 38,814 shares 0.3% Person _________________________________________________________________ 10 Shared Dispositive Power With 937,938 shares 6.8% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 976,752 shares ________________________________________________________________________________ 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 7.1% ________________________________________________________________________________ 14 Type of Reporting Person* IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 11 of 30 - CUSIP No. 404091100 13D ________________________________________________________________________________ 1 Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Douglas Schimmel ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* OO ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(D) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 0 shares 0% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 937,938 shares 6.8% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 0 shares 0% Person _________________________________________________________________ 10 Shared Dispositive Power With 937,938 shares 6.8% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 937,938 shares ________________________________________________________________________________ 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 6.8% ________________________________________________________________________________ 14 Type of Reporting Person* IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 12 of 30 - CUSIP No. 404091100 13D ________________________________________________________________________________ 1 Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Hannah Stone ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* OO ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(D) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 0 shares 0% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 937,938 shares 6.8% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 0 shares 0% Person _________________________________________________________________ 10 Shared Dispositive Power With 937,938 shares 6.8% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 937,938 shares ________________________________________________________________________________ 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 6.8% ________________________________________________________________________________ 14 Type of Reporting Person* IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 13 of 30 - CUSIP No. 404091100 13D ________________________________________________________________________________ 1 Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) David Lee ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* OO ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(D) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 0 shares 0% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 937,938 shares 6.8% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 0 shares 0% Person _________________________________________________________________ 10 Shared Dispositive Power With 937,938 shares 6.8% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 937,938 shares ________________________________________________________________________________ 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 6.8% ________________________________________________________________________________ 14 Type of Reporting Person* IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 14 of 30 - CUSIP No. 404091100 13D ________________________________________________________________________________ 1 Names 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* OO ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(D) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 0 shares 0% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 0 shares 0% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 0 shares 0% Person _________________________________________________________________ 10 Shared Dispositive Power With 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* IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 15 of 30 - CUSIP No. 404091100 13D ________________________________________________________________________________ 1 Names 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* OO ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(D) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 0 shares 0% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 0 shares 0% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 0 shares 0% Person _________________________________________________________________ 10 Shared Dispositive Power With 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* IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 16 of 30 - CUSIP No. 404091100 13D ________________________________________________________________________________ 1 Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) John and Janet Kornreich Charitable Foundation ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* OO ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(D) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization New York ________________________________________________________________________________ 7 Sole Voting Power Number of 21,788 shares 0.2% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 0 shares 0% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 21,788 shares 0.2% Person _________________________________________________________________ 10 Shared Dispositive Power With 0 shares 0% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 21,788 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* OO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 17 of 30 - CUSIP No. 404091100 13D ________________________________________________________________________________ 1 Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Janet Kornreich ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* OO ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(D) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 0 shares 0% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 21,788 shares 0.2% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 0 shares 0% Person _________________________________________________________________ 10 Shared Dispositive Power With 21,788 shares 0.2% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 21,788 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! - 18 of 30 - This statement, dated April 14, 1999, constitutes Amendment No. 7 to the Schedule 13D, dated March 24, 1995, regarding the reporting persons' ownership of certain securities of Source Media, Inc. (the "Issuer"). This 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. 7 to the Schedule is filed in accordance with Rule 13d-2 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), by the reporting persons. It shall refer only to the information which has materially changed since the filing of the Schedule. ITEM 2. Identity and Background 8. (a) Andrew Sandler, is the sole shareholder of ALCR Corp. (formerly, ALSI, LLC). (b) Address: 767 Fifth Avenue, 45th Floor New York, New York 10153 (c) Principal Business: Investments (d) No. (e) No. (f) Citizenship: United States. ALCR Corp. is a general partner of SCM, which is the general partner of SIP, a general partner of 21st Century, T-E and Foreign. 12. (a) Douglas Schimmel, is the sole shareholder of SERF Corp. (b) Address: 767 Fifth Avenue, 45th Floor New York, New York 10153 (c) Principal Business: Investments. (d) No. (e) No. (f) Citizenship: United States. SERF Corp., became a general partner of SCM on January 1, 1999, which is the general partner of SIP, a general partner of 21st Century, T-E and Foreign. 13. (a) Hannah Stone, is the sole shareholder of TERPSI Corp. (b) Address: 767 Fifth Avenue, 45th Floor New York, New York 10153 (c) Principal Business: Investments. (d) No. (e) No. (f) Citizenship: United States. - 19 of 30 - TERPSI Corp. became a general partner of SCM on January 1, 1999, which is the general partner of SIP, a general partner of 21st Century, T-E and Foreign. 14. (a) David Lee, is the sole shareholder of JIRAKAL Corp. (b) Address: 767 Fifth Avenue, 45th Floor New York, New York 10153 (c) Principal Business: Investments. (d) No. (e) No. (f) Citizenship: United States. JIRAKAL Corp. became a general partner of SCM on January 1, 1999, which is the general partner of SIP, a general partner of 21st Century, T-E and Foreign. 15. (a) Seth Lieber, is a general partner of Applewood Associates, L.P., and an officer of Applewood Capital Corp., a general partner of Applewood Associates, L.P. (b) Address: 767 Fifth Avenue, 45th Floor New York, New York 10153 (c) Principal Business: Investments. (d) No. (e) No. (f) Citizenship: United States. 16. (a) Jonathan Lieber, is a general partner of Applewood Associates, L.P., and an officer of Applewood Capital Corp., a general partner of Applewood Associates, L.P. (b) Address: 767 Fifth Avenue, 45th Floor New York, New York 10153 (c) Principal Business: Investments. (d) No. (e) No. (f) Citizenship: United States. 17. (a) John and Janet Kornreich Charitable 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: 78 Yale Street Roslyn Heights, New York 11577 (c) Principal Business: Charitable Foundation (d) No. (e) No. - 20 of 30 - John Kornreich and Janet Kornreich are the trustees of the Foundation. 18. (a) Janet Kornreich, is a trustee of the Foundation. (b) Address: 78 Yale Street Roslyn Heights, New York 11577 (c) Principal Business: Homemaker. (d) No. (e) No. (f) Citizenship: United States. ITEM 5. Interests in Securities of the Issuer. a. The following list sets forth the aggregate number and percentage (based on 12,842,610 shares of Common Stock outstanding as reported in the Issuer's Form 10-K for the year ended December 31, 1998) of outstanding shares of Common Stock owned beneficially by each reporting person named in Item 2, as of April 14, 1999:
Shares of Percentage of Shares Common Stock of Common Stock Name Beneficially Owned(2) Beneficially Owned(2) - ---- ------------------ ------------------- 21st Century Communications Partners, L.P. 937,938 (3) 6.8% 21st Century Communications T-E Partners, L.P. 937,938 (4) 6.8% 21st Century Communications Foreign Partners, L.P. 937,938 (5) 6.8% Michael J. Marocco 968,726 (6), (7), (8) 7.0% John Kornreich 959,726 (6), (7), (9) 7.0% Harvey Sandler 976,067 (6), (7), (10) 7.1% Andrew Sandler 943,385 (6), (7), (11) 6.8% Douglas Schimmel 937,938 (6), (7) 6.8% Hannah Stone 937,938 (6), (7) 6.8% David Lee 937,938 (6), (7) 6.8% Barry Rubenstein 1,082,627 (6), (7), (12), (13) 7.8% Irwin Lieber 976,752 (6), (7), (13) 7.1% Barry Fingerhut 976,752 (6), (7), (13) 7.1% Seth Lieber 0 0% Jonathan Lieber 0 0% John and Janet Kornreich Charitable Foundation 21,788 (9) 0.2% Janet Kornreich 21,788 (9) 0.2%
- ---------- (2) Includes shares of Common Stock issuable upon the exercise of the Warrants. (3) Includes 635,949 shares of Common Stock issuable upon the exercise of the Warrants. 21st Century disclaims beneficial ownership of 216,374 shares of Common Stock issuable upon the exercise of the Warrants owned by T-E and 85,615 shares of Common Stock issuable upon the exercise of the Warrants owned by Foreign. (4) Includes 216,374 shares of Common Stock issuable upon the exercise of the Warrants. T-E disclaims beneficial ownership of 635,949 shares of Common Stock issuable upon the exercise of the Warrants owned by 21st Century and 85,615 shares of Common Stock issuable upon the exercise of the Warrants owned by Foreign. (5) Includes 85,615 shares of Common Stock issuable upon the exercise of the Warrants. Foreign disclaims beneficial ownership of 635,949 shares of Common Stock issuable upon the exercise of the Warrants owned by 21st Century and 216,374 shares of Common Stock issuable upon the exercise of the Warrants owned by T-E. (6) The reporting person disclaims beneficial ownership of these securities, except to the extent of his/her equity interest therein. (7) Includes 635,949, 216,374 and 85,615 shares of Common Stock issuable upon the exercise of the Warrants owned by 21st Century, T-E and Foreign, respectively. (8) Includes 9,675 shares of Common Stock issuable upon the exercise of the Warrants. (9) Includes 12,113 shares of Common Stock and 9,675 shares of Common Stock issuable upon the exercise of the Warrants owned by John and Janet Kornreich Charitable Foundation. (10) Includes 16,931 of Common Stock issuable upon the exercise of the Warrants. (11) Includes 2,419 shares of Common Stock issuable upon the exercise of the Warrants. (12) Includes 101,875 shares of Common Stock issuable upon the exercise of a warrant owned by Woodland Partners. (13) Includes 16,125 shares of Common Stock issuable upon the exercise of the Warrants. - 21 of 30 - b. By virtue of being the sole shareholder of MJDM Corp., Michael J. Marocco may be deemed to have shared power to vote and to dispose of 937,938 shares of Common Stock (representing 937,938 shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 6.8% of the outstanding Common Stock. Michael J. Marocco has sole power to vote and to dispose of 30,788 shares of Common Stock (which includes 9,675 shares of Common Stock issuable upon the exercise of the Warrants and 9,000 shares of Common Stock issuable upon the exercise of non-qualified stock options), representing approximately 0.2% of the outstanding Common Stock. By virtue of being the majority shareholder of Four JK Corp. and a trustee of the Foundation, John Kornreich may be deemed to have shared power to vote and to dispose of 959,726 shares of Common Stock (which includes 947,613 shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 7.0% of the outstanding Common Stock. By virtue of being the sole shareholder of ARH Corp., Harvey Sandler may be deemed to have shared power to vote and to dispose of 937,938 shares of Common Stock (representing 937,938 shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 6.8% of the outstanding Common Stock. Harvey Sandler has sole power to vote and to dispose of 38,129 shares of Common Stock (which includes 16,931 shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 0.3% of the outstanding Common Stock. By virtue of being the sole shareholder of ALCR Corp., Andrew Sandler may be deemed to have shared power to vote and to dispose of 937,938 shares of Common Stock (representing 937,938 shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 6.8% of the outstanding Common Stock. Andrew Sandler has sole power to vote and to dispose of 5,447 shares of Common Stock (which includes 2,419 shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 0.1% of the outstanding Common Stock. By virtue of being the sole shareholder of SERF Corp., Douglas Schimmel may be deemed to have shared power to vote and to dispose of 937,938 shares of Common Stock (representing 937,938 shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 6.8% of the outstanding Common Stock - 22 of 30 - By virtue of being the sole shareholder of TERPSI Corp., Hannah Stone may be deemed to have shared power to vote and to dispose of 937,938 shares of Common Stock (representing 937,938 shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 6.8% of the outstanding Common Stock. By virtue of being the sole shareholder of JIRAKAL Corp., David Lee may be deemed to have shared power to vote and to dispose of 937,938 shares of Common Stock (representing 937,938 shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 6.8% of the outstanding Common Stock. By virtue of being a shareholder, officer and director of InfoMedia, and a general partner of Woodland Partners, Barry Rubenstein may be deemed to have shared power to vote and to dispose of 1,039,813 shares of Common Stock (representing 1,039,813 shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 7.8% of the outstanding Common Stock. Barry Rubenstein has sole power to vote and to dispose of 42,814 shares of Common Stock (which includes 16,125 shares of Common Stock issuable upon the exercise of the Warrants and 3,000 shares of Common Stock issuable upon the exercise of non-qualified stock options), representing approximately 0.3% of the outstanding Common Stock. By virtue of being a shareholder, officer and director of InfoMedia, Irwin Lieber may be deemed to have shared power to vote and to dispose of 937,938 shares of Common Stock (representing 937,938 shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 6.8% of the outstanding Common Stock. Irwin Lieber has sole power to vote and to dispose of 38,814 shares of Common Stock (which includes 16,125 shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 0.3% of the outstanding Common Stock. By virtue of being a shareholder, officer and director of InfoMedia, Barry Fingerhut may be deemed to have shared power to vote and to dispose of 937,938 shares of Common Stock (representing 937,938 shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 6.8% of the outstanding Common Stock. Barry Fingerhut has sole power to vote and to dispose of 38,814 shares of Common Stock (which includes 16,125 shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 0.3% of the outstanding Common Stock. The Foundation has sole power to vote and to dispose of 21,788 shares of Common Stock (which includes 9,675 shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 0.2% of the outstanding Common Stock. By virtue of being a trustee of the Foundation, Janet Kornreich may be deemed to have shared power to vote and to dispose of 21,788 shares of Common Stock (which includes 9,675 shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 0.2% 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 effected from February 12, 1999 to April 14, 1999, inclusive. - 23 of 30 -
Number of Purchase Shares or Sale Purchased Purchase or Name of Shareholder Date or (Sold) Sales Price ------------------- ------ ---------- ------------ Applewood Associates, L.P. 4/14/99 (50,000) $21.08
The reporting person made its sales of securities in the over-the-counter market. John Kornreich gifted 12,113 shares of Common Stock and 9,675 Warrants to the Foundation in October, 1998. 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. Effective April 14, 1999, Applewood Associates, L.P., Applewood Capital Corp., Seth Lieber and Jonathan Lieber ceased to be the beneficial owners of any shares of the Common Stock of the Issuer. ITEM 7. Material to be Filed as Exhibits Exhibit 7.01 Agreement effective as of April 14, 1999 among the reporting persons by which they have agreed to file this Schedule 13D and all necessary amendments, as required by Rule 13d-1(f). - 24 of 30 - 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: April 26, 1999 21ST CENTURY COMMUNICATIONS PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: MJDM Corp., general partner By: Moira Mitchell -------------------------------------------------- Name: Moira Mitchell Title: Vice President and Secretary 21ST CENTURY COMMUNICATIONS T-E PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: MJDM Corp., general partner By: Moira Mitchell -------------------------------------------------- Name: Moira Mitchell Title: Vice President and Secretary 21ST CENTURY COMMUNICATIONS FOREIGN PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: MJDM Corp., general partner By: Moira Mitchell -------------------------------------------------- Name: Moira Mitchell Title: Vice President and Secretary - 25 of 30 - Michael J. Marocco -------------------------------------------------- Michael J. Marocco John Kornreich -------------------------------------------------- John Kornreich Harvey Sandler -------------------------------------------------- Harvey Sandler Andrew Sandler -------------------------------------------------- Andrew Sandler Douglas Schimmel -------------------------------------------------- Douglas Schimmel Hannah Stone -------------------------------------------------- Hannah Stone David Lee -------------------------------------------------- David Lee Barry Rubenstein -------------------------------------------------- Barry Rubenstein Irwin Lieber -------------------------------------------------- Irwin Lieber Barry Fingerhut -------------------------------------------------- Barry Fingerhut Seth Lieber -------------------------------------------------- Seth Lieber Jonathan Lieber -------------------------------------------------- Jonathan Lieber ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). - 26 of 30 - Janet Kornreich -------------------------------------------------- Janet Kornreich JOHN AND JANET KORNREICH CHARITABLE FOUNDATION By: John Kornreich --------------------------------------------- Name: John Kornreich Title: Trustee - 27 of 30 - JOINT FILING AGREEMENT In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the Common Stock, par value $.001 per share, of Source Media, Inc. and that this Agreement be included as an Exhibit to such statement on Schedule 13D. IN WITNESS WHEREOF, the undersigned hereby execute this Agreement effective as of the 14th day of April, 1999. 21ST CENTURY COMMUNICATIONS PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: MJDM Corp., general partner By: Moira Mitchell -------------------------------------------------- Name: Moira Mitchell Title: Vice President and Secretary 21ST CENTURY COMMUNICATIONS T-E PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: MJDM Corp., general partner By: Moira Mitchell -------------------------------------------------- Name: Moira Mitchell Title: Vice President and Secretary 21ST CENTURY COMMUNICATIONS FOREIGN PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: MJDM Corp., general partner By: Moira Mitchell -------------------------------------------------- Name: Moira Mitchell Title: Vice President and Secretary - 28 of 30 - Michael J. Marocco -------------------------------------------------- Michael J. Marocco John Kornreich -------------------------------------------------- John Kornreich Harvey Sandler -------------------------------------------------- Harvey Sandler Andrew Sandler -------------------------------------------------- Andrew Sandler Douglas Schimmel -------------------------------------------------- Douglas Schimmel Hannah Stone -------------------------------------------------- Hannah Stone David Lee -------------------------------------------------- David Lee Barry Rubenstein -------------------------------------------------- Barry Rubenstein Irwin Lieber -------------------------------------------------- Irwin Lieber Barry Fingerhut -------------------------------------------------- Barry Fingerhut Seth Lieber -------------------------------------------------- Seth Lieber Jonathan Lieber -------------------------------------------------- Jonathan Lieber - 29 of 30 - Janet Kornreich -------------------------------------------------- Janet Kornreich JOHN AND JANET KORNREICH CHARITABLE FOUNDATION By: John Kornreich --------------------------------------------- Name: John Kornreich Title: Trustee - 30 of 30 - -----END PRIVACY-ENHANCED MESSAGE-----