-----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, RnvkwRn+vXuGEe5un+cGG1STOdcmkTovT4BpK5/KoxvG7mw2OPCFAbuAgz9b88Ze CpKnWg1ADYsJQEYXu5Iibw== 0000891554-00-000984.txt : 20000410 0000891554-00-000984.hdr.sgml : 20000410 ACCESSION NUMBER: 0000891554-00-000984 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20000407 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CORNERSTONE INTERNET SOLUTIONS CO /DE/ CENTRAL INDEX KEY: 0000929648 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 223272662 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-46535 FILM NUMBER: 595839 BUSINESS ADDRESS: STREET 1: 584 BROADWAY SUITE 509 CITY: NEW YORK STATE: NY ZIP: 10012 BUSINESS PHONE: 2123433920 MAIL ADDRESS: STREET 1: 584 BROADWAY SUITE 509 CITY: NEW YORK STATE: NY ZIP: 10012 FORMER COMPANY: FORMER CONFORMED NAME: ENTERACTIVE INC /DE/ DATE OF NAME CHANGE: 19940907 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SENECA VENTURES CENTRAL INDEX KEY: 0001014876 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 68 WHEATLEY RD CITY: BROOKVILLE STATE: NY ZIP: 11545 BUSINESS PHONE: 2127358600 SC 13D/A 1 AMENDMENT TO SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 S C H E D U L E 13D Under the Securities Exchange Act of 1934 (Amendment No. 13)(1) CORNERSTONE INTERNET SOLUTIONS CO. (Name of Issuer) COMMON STOCK, $0.01 PAR VALUE (Title of Class of Securities) 293636106 (CUSIP Number) Copy to: Seneca Ventures 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) February 11, 2000 (Date of Event which Requires Filing this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of ss.ss. 240.13d - 1(e), 240.13d- 1(f) or 240.13d-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 240.13d-7 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 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP NO. 293636106 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) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) WC, 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 Shares 175,000 shares 0.7% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 1,050,000 shares 4.2% Person With _________________________________________________________________ 9 Sole Dispositive Power 175,000 shares 0.7% _________________________________________________________________ 10 Shared Dispositive Power 1,050,000 shares 4.2% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,225,000 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) excludes Certain Shares [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 4.9% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 40 CUSIP NO. 293636106 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) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) WC, 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 Shares 0 shares 0% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 175,000 shares 0.7% Person With _________________________________________________________________ 9 Sole Dispositive Power 0 shares 0% _________________________________________________________________ 10 Shared Dispositive Power 175,000 shares 0.7% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 175,0000 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) excludes Certain Shares [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 0.7% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) PN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 40 CUSIP NO. 293636106 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) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) WC, 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 Shares 0 shares 0% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 175,000 shares 0.7% Person With _________________________________________________________________ 9 Sole Dispositive Power 0 shares 0% _________________________________________________________________ 10 Shared Dispositive Power 175,000 shares 0.7% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 175,000 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) excludes Certain Shares [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 0.7% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) PN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 4 of 40 CUSIP NO. 293636106 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) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) 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 Shares 0 shares 0% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 175,000 shares 0.7% Person With _________________________________________________________________ 9 Sole Dispositive Power 0 shares 0% _________________________________________________________________ 10 Shared Dispositive Power 175,000 shares 0.7% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 175,000 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) excludes Certain Shares [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 0.7% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) CO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 5 of 40 CUSIP NO. 293636106 13D ________________________________________________________________________________ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) 21st Century Communications Partners, L.P. ________________________________________________________________________________ 2 Check the Appropriate Box If a Member of a Group (a) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) WC, 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 Delaware ________________________________________________________________________________ 7 Sole Voting Power Number of Shares 0 shares 0% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 0 shares 0% Person With _________________________________________________________________ 9 Sole Dispositive Power 0 shares 0% _________________________________________________________________ 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 [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 0% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) PN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 6 of 40 CUSIP NO. 293636106 13D ________________________________________________________________________________ 1 Name 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) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) WC, 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 Delaware ________________________________________________________________________________ 7 Sole Voting Power Number of Shares 0 shares 0% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 0 shares 0% Person With _________________________________________________________________ 9 Sole Dispositive Power 0 shares 0% _________________________________________________________________ 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 [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 0% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) PN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 7 of 40 CUSIP NO. 293636106 13D ________________________________________________________________________________ 1 Name 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) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) WC, 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 Delaware ________________________________________________________________________________ 7 Sole Voting Power Number of Shares 0 shares 0% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 0 shares 0% Person With _________________________________________________________________ 9 Sole Dispositive Power 0 shares 0% _________________________________________________________________ 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 [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 0% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) PN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 8 of 40 CUSIP NO. 293636106 13D ________________________________________________________________________________ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Michael J. Marocco ________________________________________________________________________________ 2 Check the Appropriate Box If a Member of a Group (a) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) 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 Shares 0 shares 0% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 0 shares 0% Person With _________________________________________________________________ 9 Sole Dispositive Power 0 shares 0% _________________________________________________________________ 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 [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 0% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 9 of 40 CUSIP NO. 293636106 13D ________________________________________________________________________________ 1 Name 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) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) 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 Shares 0 shares 0% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 0 shares 0% Person With _________________________________________________________________ 9 Sole Dispositive Power 0 shares 0% _________________________________________________________________ 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 [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 0% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 10 of 40 CUSIP NO. 293636106 13D ________________________________________________________________________________ 1 Name 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) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) 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 Shares 0 shares 0% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 0 shares 0% Person With _________________________________________________________________ 9 Sole Dispositive Power 0 shares 0% _________________________________________________________________ 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 [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 0% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 11 of 40 CUSIP NO. 293636106 13D ________________________________________________________________________________ 1 Name 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) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) 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 Shares 0 shares 0% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 0 shares 0% Person With _________________________________________________________________ 9 Sole Dispositive Power 0 shares 0% _________________________________________________________________ 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 [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 0% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 12 of 40 CUSIP NO. 293636106 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) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) WC, 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 Shares 0 shares 0% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 1,050,000 shares 4.2% Person With _________________________________________________________________ 9 Sole Dispositive Power 0 shares 0% _________________________________________________________________ 10 Shared Dispositive Power 1,050,000 shares 4.2% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,050,000 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) excludes Certain Shares [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 4.2% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 13 of 40 CUSIP NO. 293636106 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) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) WC, 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 Shares 0 shares 0% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 1,050,000 shares 4.2% Person With _________________________________________________________________ 9 Sole Dispositive Power 0 shares 0% _________________________________________________________________ 10 Shared Dispositive Power 1,050,000 shares 4.2% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,050,000 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) excludes Certain Shares [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 4.2% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 14 of 40 CUSIP NO. 293636106 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) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) WC, 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 Shares 0 shares 0% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 175,000 shares 0.7% Person With _________________________________________________________________ 9 Sole Dispositive Power 0 shares 0% _________________________________________________________________ 10 Shared Dispositive Power 175,000 shares 0.7% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 175,000 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) excludes Certain Shares [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 0.7% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) PN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 15 of 40 CUSIP NO. 293636106 13D ________________________________________________________________________________ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Wheatley Partners II, L.P. ________________________________________________________________________________ 2 Check the Appropriate Box If a Member of a Group (a) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) WC, 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 Shares 1,050,000 shares 4.2% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 0 shares 0% Person With _________________________________________________________________ 9 Sole Dispositive Power 1,050,000 shares 4.2% _________________________________________________________________ 10 Shared Dispositive Power 0 shares 0% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,050,000 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) excludes Certain Shares [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 4.2% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) PN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 16 of 40 CUSIP NO. 293636106 13D ________________________________________________________________________________ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Applewood Capital Corp. ________________________________________________________________________________ 2 Check the Appropriate Box If a Member of a Group (a) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) 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 Shares 0 shares 0% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 1,050,000 shares 4.2% Person With _________________________________________________________________ 9 Sole Dispositive Power 0 shares 0% _________________________________________________________________ 10 Shared Dispositive Power 1,050,000 shares 4.2% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,050,000 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) excludes Certain Shares [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 4.2% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) CO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 17 of 40 CUSIP NO. 293636106 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) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) 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 Shares 0 shares 0% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 1,050,000 shares 4.2% Person With _________________________________________________________________ 9 Sole Dispositive Power 0 shares 0% _________________________________________________________________ 10 Shared Dispositive Power 1,050,000 shares 4.2% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,050,000 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) excludes Certain Shares [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 4.2% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 18 of 40 CUSIP NO. 293636106 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) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) 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 Shares 0 shares 0% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 1,050,000 shares 4.2% Person With _________________________________________________________________ 9 Sole Dispositive Power 0 shares 0% _________________________________________________________________ 10 Shared Dispositive Power 1,050,000 shares 4.2% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,050,000 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) excludes Certain Shares [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 4.2% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 19 of 40 ================================================================================ CUSIP NO. 293636106 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) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) 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 Shares 0 shares 0% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 175,000 shares 0.7% Person With _________________________________________________________________ 9 Sole Dispositive Power 0 shares 0% _________________________________________________________________ 10 Shared Dispositive Power 175,000 shares 0.7% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 175,000 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) excludes Certain Shares [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 0.7% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 20 of 40 ================================================================================ CUSIP NO. 293636106 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) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) 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 Shares 0 shares 0% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 175,000 shares 0.7% Person With _________________________________________________________________ 9 Sole Dispositive Power 0 shares 0% _________________________________________________________________ 10 Shared Dispositive Power 175,000 shares 0.7% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 175,000 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) excludes Certain Shares [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 0.7% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) OO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 21 of 40 ================================================================================ CUSIP NO. 293636106 13D ================================================================================ 1 Name 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) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) 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 Shares 0 shares 0% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 0 shares 0% Person With _________________________________________________________________ 9 Sole Dispositive Power 0 shares 0% _________________________________________________________________ 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 [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 0% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 22 of 40 ================================================================================ CUSIP NO. 293636106 13D ================================================================================ 1 Name 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) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) 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 Shares 0 shares 0% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 0 shares 0% Person With _________________________________________________________________ 9 Sole Dispositive Power 0 shares 0% _________________________________________________________________ 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 [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 0% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 23 of 40 ================================================================================ CUSIP NO. 293636106 13D ================================================================================ 1 Name 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) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) 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 Shares 0 shares 0% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 0 shares 0% Person With _________________________________________________________________ 9 Sole Dispositive Power 0 shares 0% _________________________________________________________________ 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 [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 0% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 24 of 40 ================================================================================ CUSIP NO. 293636106 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Edward Grinacoff ________________________________________________________________________________ 2 Check the Appropriate Box If a Member of a Group (a) [_] (See Instructions) (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds (See Instructions) 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 Shares 0 shares 0% Beneficially _________________________________________________________________ Owned 8 Shared Voting Power By Each Reporting 0 shares 0% Person With _________________________________________________________________ 9 Sole Dispositive Power 0 shares 0% _________________________________________________________________ 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 [_] (See Instructions) ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 0% ________________________________________________________________________________ 14 Type of Reporting Person (See Instructions) IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 25 of 40 This statement, dated February 11, 2000, constitutes Amendment No. 13 to the Schedule 13D, dated September 11, 1995, regarding the reporting persons ownership of certain securities of Cornerstone Internet Solutions Co. (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. 13 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 2. Identity and Background (a) Edward Grinacoff, is the sole shareholder of MEDG Corp. (b) Address: 767 Fifth Avenue New York, New York 10153 (c) Principal Occupation: Investments (d) No. (e) No. (f) Citizenship: United States. MEDG Corp became a general partner of SCM effective on January 1, 2000, which is the general partner of SIP, a general partner of 21st Century, T-E and Foreign. ITEM 4. Purpose of Transaction. Other than the reporting persons' purchase or sale of additional securities of the Issuer, no reporting person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D except as set forth herein. ITEM 5. Interests in Securities of the Issuer. (a) The following list sets forth the aggregate number and percentage (based on 24,926,749 shares of Common Stock outstanding as of December 31, 1999, as reported by the Issuer in its Form 10-Q for the quarter ended November 30, 1999), of outstanding shares of Common Stock owned beneficially by each reporting person named in Item 2, as of March 24, 2000. Page 26 of 40
Shares of Percentage of Shares Common Stock Percent of Voting of Common Stock Name Beneficially Owned Control Beneficially Owned - ------------------------------ ------------------ ----------------- -------------------- Barry Rubenstein 1,225,000(2)(3)(4) 4.9% 4.9% Woodland Venture Fund 175,000(2)(4) 0.7% 0.7% Seneca Ventures 175,000(2)(4) 0.7% 0.7% Woodland Services Corp. 175,000(2)(4) 0.7% 0.7% 21st Century 0 0% 0% Communications Partners, L.P. 21st Century 0 0% 0% Communications T-E Partners, L.P. 21st Century 0 0% 0% Communications Foreign Partners, L.P. Michael Marocco 0 0% 0% John Kornreich 0 0% 0% Harvey Sandler 0 0% 0% Andrew Sandler 0 0% 0% Barry Fingerhut 1,050,000(3)(4) 4.2% 4.2% Irwin Lieber 1,050,000(3)(4 4.2% 4.2% Woodland Partners 175,000(2)(4) 0.7% 0.7% Wheatley Partners II, L.P. 1,050,000(3) 4.2% 4.2% Applewood Capital Corp. 1,050,000(3)(4) 4.2% 4.2% Seth Lieber 1,050,000(3)(4) 4.2% 4.2% Jonathan Lieber 1,050,000(3)(4) 4.2% 4.2%
- -------- (2) Includes 175,000 shares of Common Stock issuble upon the exercise of the options held by Barry Rubenstein. (3) Includes 1,050,000 shares of Common Stock owned by Wheatley Partners II, L.P. (4) The reporting person disclaims beneficial ownership of these securities, except to the extent of his/her/its equity interest therein. Page 27 of 40
Shares of Percentage of Shares Common Stock Percent of Voting of Common Stock Name Beneficially Owned Control Beneficially Owned - ------------------------------ ------------------ ----------------- -------------------- Marilyn Rubenstein 175,000(2),(4) 0.7% 0.7% The Marilyn and Barry 175,000(2),(4) 0.7% 0.7% Rubenstein Family Foundation Douglas Schimmel 0 0% 0% Hannah Stone 0 0% 0% David Lee 0 0% 0% Edward Grinacoff 0 0% 0%
(b) Barry Rubenstein has sole power to vote and to dispose of 175,000 shares of Common Stock (consisting of 125,000 shares issuable upon the exercise of the Non-Qualified Option and 50,000 shares issuable upon the exercise of the Option), representing approximately 0.7% of the outstanding Common Stock. By virtue of being a general partner of Wheatley Partners II, L.P., Barry Rubenstein may be deemed to have shared power to vote and to depose of 1,050,000 shares of Common Stock, representing approximately 4.2% of the outstanding Common Stock. The Fund may be deemed to have shared power to vote and to dispose of 175,000 shares of Common Stock (consisting of 125,000 shares issuable upon the exercise of the Non-Qualified Option and 50,000 shares issuable upon the exercise of the Option), representing approximately 0.7% of the outstanding Common Stock. Seneca may be deemed to have shared power to vote and to dispose of 175,000 shares of Common Stock (consisting of 125,000 shares issuable upon the exercise of the Non-Qualified Option and 50,000 shares issuable upon the exercise of the Option), representing approximately 0.7% of the outstanding Common Stock. Woodland Services Corp. may be deemed to have shared power to vote and to dispose of 175,000 shares of Common Stock (consisting of 125,000 shares issuable upon the exercise of the Non-Qualified Option and 50,000 shares issuable upon the exercise of the Option), representing approximately 0.7% of the outstanding Common Stock. By virtue of being a general partner of Wheatley Partners II, L.P., Barry Fingerhut may be deemed to have shared power to vote and to dispose of 1,050,000 shares of Common Stock, representing approximately 4.2% of the outstanding Common Stock. Page 28 of 40 By virtue of being a general partner of Wheatley Partners II, L.P., Irwin Lieber may be deemed to have shared power to vote and to dispose of 1,050,000 shares of Common Stock, representing approximately 4.2% of the outstanding Common Stock. Wheatley Partners II, L.P. has sole power to vote and to dispose of 1,050,000 shares of Common Stock, representing approximately 4.2% of the outstanding Common Stock. By virtue of being a general partner of Wheatley Partners II, L.P., AC Corp. may be deemed to have shared power to vote and to dispose of 1,050,000 shares of Common Stock, representing approximately 4.2% of the outstanding Common Stock. By virtue of being a general partner of Wheatley Partners II, L.P. and an officer of AC Corp., Seth Lieber may be deemed to have shared power to vote and to dispose of 1,050,000 shares of Common Stock, representing approximately 4.2% of the outstanding Common Stock. By virtue of being a general partner of Wheatley Partners II, L.P. and an officer of AC Corp., Jonathan Lieber may be deemed to have shared power to vote and to dispose of 1,050,000 shares of Common Stock, representing approximately 4.2% of the outstanding Common Stock. Woodland Partners may be deemed to have shared power to vote and to dispose of 175,000 shares of Common Stock (consisting of 125,000 shares issuable upon the exercise of the Non-Qualified Option and 50,000 shares issuable upon the exercise of the Option), representing approximately 0.7% of the outstanding Common Stock. By virtue of being the wife of Barry Rubenstein, Marilyn Rubenstein may be deemed to have shared power to vote and to dispose of 175,000 shares of Common Stock (consisting of 125,000 shares issuable upon the exercise of the Non-Qualified Option and 50,000 shares issuable upon the exercise of the Option), representing approximately 0.7% of the outstanding Common Stock. The Foundation may be deemed to have shared power to vote and to dispose of 175,000 shares of Common Stock (consisting of 125,000 shares issuable upon the exercise of the Non-Qualified Option and 50,000 shares issuable upon the exercise of the Option), representing approximately 0.7% 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 January 7, 2000 through March 24, 2000, inclusive: Date Purchased Number of Shares Price Per Name of Shareholder (Sold) Purchased or (Sold) Share - ------------------- -------------- ------------------- --------- Barry Rubenstein 3/3/00 (37,500) $ 6.0625 Barry Rubenstein 3/8/00 (50,500) $ 5.9375 Rollover IRA Page 29 of 40
Date Purchased Number of Shares Price Per Name of Shareholder (Sold) Purchased or (Sold) Share - ------------------------------ -------------- ------------------ --------- Woodland Venture Fund 3/3/00 (150,000) $ 6.0625 Seneca Ventures 3/3/00 (50,000) $ 6.0625 Irwin Lieber 1/11/00 (6,000) $ 7.5625 Barry Fingerhut 3/20/00 (1,000) $ 6.00 21st Century Communications Partners, L.P. 2/11/00 (442,438) $ 6.50 2/11/00 (25,696) $ 6.875 2/11/00 (42,107) $ 6.875 2/11/00 (81,363) $ 6.8125 2/16/00 (216,969) $ 6.125 2/18/00 (237,310) $ 6.09375 2/22/00 (77,973) $ 6.03125 2/28/00 (67,803) $ 6.1875 3/3/00 (203,409) $ 6.03125 3/8/00 (67,803) $ 5.875 3/9/00 (67,803) $ 5.8125 3/17/00 (322,064) $ 6.125 3/20/00 (135,606) $ 5.875 3/22/00 (173,890) $ 5.375 21st Century Communications T-E Partners, L.P. 2/11/00 (149,949) $ 6.50 2/11/00 (13,155) $ 6.875 2/11/00 (9,914) $ 6.875 2/11/00 (27,683) $ 6.8125 2/16/00 (73,821) $ 6.125 2/18/00 (80,742) $ 6.09375 2/22/00 (26,530) $ 6.03125 2/2800 (23,069) $ 6.1875 3/3/00 (69,207) $ 6.03125 3/8/00 (23,069) $ 5.875 3/9/00 (23,069) $ 5.8125
Page 30 of 40
Date Purchased Number of Shares Price Per Name of Shareholder (Sold) Purchased or (Sold) Share - ------------------------------ -------------- ------------------ --------- 3/17/00 (109,578) $ 6.125 21st Century Communications T-E Partners, L.P. 3/20/00 (46,138) $ 5.875 3/22/00 (64,180) $ 5.375 21st Century Communications Foreign Partners, L.P. 2/11/00 (57,613) $ 6.50 2/11/00 (9,128) $ 6.875 2/11/00 (10,954) $ 6.8125 2/16/00 (29,210) $ 6.125 2/18/00 (31,948) $ 6.09375 2/22/00 (10,497) $ 6.03125 2/28/00 (9,128) $ 6.1875 3/3/00 (27,384) $ 6.03125 3/8/00 (9,128) $ 5.875 3/9/00 (9,128) $ 5.8125 3/17/00 (43,358) $ 6.125 3/20/00 (18,256) $ 5.875 3/22/00 (19,881) $ 5.375 Wheatley Partners II, L.P. 1/13/00 (33,000) $ 7.00 2/24/00 (55,000) $ 6.8125 2/24/00 (250,000) $ 6.875 2/24/00 (85,000) $ 7.00 2/29/00 (265,000) $ 6.00 3/8/00 (200,000) $ 5.875 3/9/00 (150,000) $ 5.8125 3/17/00 (350,000) $ 6.125 3/20/00 (25,000) $ 5.875 3/24/00 (125,000) $ 5.8125
All sales of shares of Common Stock were effected in open market transactions in the over-the-counter market. Page 31 of 40 (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 March 24, 2000, the reporting persons ceased to be the beneficial owners of more than five percent (5%) of the Common Stock of the Issuer. ITEM 7. Material to be Filed as Exhibits. Exhibit 7.01 Agreement effective as of February 11, 2000 among the reporting persons by which they have agreed to file this Schedule 13D and all necessary amendments, as required by Rule 13d-1. Page 32 of 40 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 6, 2000 SENECA VENTURES /s/Barry Rubenstein ----------------------------------- Barry Rubenstein, A General Partner WOODLAND VENTURE FUND /s/Barry Rubenstein ----------------------------------- Barry Rubenstein, A General Partner WOODLAND SERVICES CORP. /s/Barry Rubenstein ----------------------------------- Barry Rubenstein, President WOODLAND PARTNERS /s/Barry Rubenstein ----------------------------------- Barry Rubenstein, A General Partner WHEATLEY PARTNERS II, L.P. /s/Irwin Lieber ----------------------------------- Irwin Lieber, A General Partner APPLEWOOD CAPITAL CORP. /s/Irwin Lieber ----------------------------------- Irwin Lieber, Secretary and Treasurer /s/Barry Rubenstein ----------------------------------- Barry Rubenstein /s/Barry Fingerhut ----------------------------------- Barry Fingerhut Page 33 of 40 /s/Irwin Lieber ----------------------------------- Irwin Lieber /s/Jonathan Lieber ----------------------------------- Jonathan Lieber /s/Seth Lieber ----------------------------------- Seth Lieber /s/Marilyn Rubenstein ----------------------------------- Marilyn Rubenstein THE MARILYN AND BARRY RUBENSTEIN FAMILY FOUNDATION By: /s/ Barry Rubenstein ------------------------------- Barry Rubenstein, a Trustee Page 34 of 40 21ST CENTURY COMMUNICATIONS PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: ARH Corp., a general partner By:/s/Edward Grinacoff ------------------------------------- Name: Edward Grinacoff Title: Secretary and Treasurer 21ST CENTURY COMMUNICATIONS T-E PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: ARH Corp., a general partner By:/s/Edward Grinacoff ------------------------------------- Name: Edward Grinacoff Title: Secretary and Treasurer 21ST CENTURY COMMUNICATIONS FOREIGN PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: ARH Corp., a general partner By:/s/Edward Grinacoff ------------------------------------- Name: Edward Grinacoff Title: Secretary and Treasurer Page 35 of 40 /s/Michael J. Marocco ------------------------------ Michael J. Marocco /s/John Kornreich ------------------------------ John Kornreich /s/Harvey Sandler ------------------------------ Harvey Sandler /s/Andrew Sandler ------------------------------ Andrew Sandler /s/Douglas Schimmel ------------------------------ Douglas Schimmel /s/Hannah Stone ------------------------------ Hannah Stone /s/David Lee ------------------------------ David Lee /s/ Edward Grinacoff ------------------------------ Edward Grinacoff ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). Page 36 of 40 EX-7.01 2 JOINT FILING AGREEMENT Exhibit 7.01 JOINT FILING AGREEMENT In accordance with Rule 13d-1 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 $0.01 per share, of CORNERSTONE INTERNET SOLUTIONS CO. and that this Agreement be filed as an Exhibit to such statement on Schedule 13D. IN WITNESS WHEREOF, the undersigned hereby execute this Agreement effective as of the 11th day of February, 2000. SENECA VENTURES /s/Barry Rubenstein ---------------------------- Barry Rubenstein, A General Partner WOODLAND VENTURE FUND /s/Barry Rubenstein ---------------------------- Barry Rubenstein, A General Partner WOODLAND SERVICES CORP. /s/Barry Rubenstein ---------------------------- Barry Rubenstein, President WOODLAND PARTNERS /s/Barry Rubenstein ---------------------------- Barry Rubenstein, A General Partner WHEATLEY PARTNERS II, L.P. /s/Irwin Lieber ---------------------------- Irwin Lieber, A General Partner Page 37 of 40 APPLEWOOD CAPITAL CORP. /s/Irwin Lieber ---------------------------- Irwin Lieber, Secretary and Treasurer /s/Barry Rubenstein ---------------------------- Barry Rubenstein /s/Barry Fingerhut ---------------------------- Barry Fingerhut /s/Irwin Lieber ---------------------------- Irwin Lieber /s/Jonathan Lieber ---------------------------- Jonathan Lieber /s/Seth Lieber ---------------------------- Seth Lieber /s/Marilyn Rubenstein ---------------------------- Marilyn Rubenstein THE MARILYN AND BARRY RUBENSTEIN FAMILY FOUNDATION By: /s/ Barry Rubenstein ---------------------------- Barry Rubenstein, a Trustee Page 38 of 40 21ST CENTURY COMMUNICATIONS PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: ARH Corp., a general partner By:/s/Edward Grinacoff --------------------------------------- Name: Edward Grinacoff Title: Secretary and Treasurer 21ST CENTURY COMMUNICATIONS T-E PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: ARH Corp., a general partner By:/s/Edward Grinacoff --------------------------------------- Name: Edward Grinacoff Title: Secretary and Treasurer 21ST CENTURY COMMUNICATIONS FOREIGN PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: ARH Corp., a general partner By:/s/Edward Grinacoff --------------------------------------- Name: Edward Grinacoff Title: Secretary and Treasurer Page 39 of 40 /s/Michael J. Marocco -------------------------------- Michael J. Marocco /s/John Kornreich -------------------------------- John Kornreich /s/Harvey Sandler -------------------------------- Harvey Sandler /s/Andrew Sandler -------------------------------- Andrew Sandler /s/Douglas Schimmel -------------------------------- Douglas Schimmel /s/Hannah Stone -------------------------------- Hannah Stone /s/David Lee -------------------------------- David Lee /s/ Edward Grinacoff -------------------------------- Edward Grinacoff ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). Page 40 of 40 -----END PRIVACY-ENHANCED MESSAGE-----