-----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, HRQnM1HZD9OWvsIKLjU7lob2cdC4cXFhmWTZRx/7zPTLUDmhEoVI3mSJqe95cvAb 50el7/LQOuIDfGpIf+Kmig== 0000950146-98-001050.txt : 19980624 0000950146-98-001050.hdr.sgml : 19980624 ACCESSION NUMBER: 0000950146-98-001050 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980623 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VIDEO SERVICES CORP CENTRAL INDEX KEY: 0000913888 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ALLIED TO MOTION PICTURE PRODUCTION [7819] IRS NUMBER: 133735647 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-45623 FILM NUMBER: 98652048 BUSINESS ADDRESS: STREET 1: 240 PEGASUS AVENUE CITY: NORTHVALE STATE: NJ ZIP: 07647 BUSINESS PHONE: 2017671000 MAIL ADDRESS: STREET 1: 240 PEGASUS AVENUE CITY: NORTHVALE STATE: NJ ZIP: 07647 FORMER COMPANY: FORMER CONFORMED NAME: INTERNATIONAL POST LTD DATE OF NAME CHANGE: 19940222 FORMER COMPANY: FORMER CONFORMED NAME: INTERNATIONAL POST GROUP INC DATE OF NAME CHANGE: 19931021 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 BUSINESS ADDRESS: STREET 1: 767 FIFTH AVE STREET 2: 45TH FL CITY: NEW YORK STATE: NY ZIP: 10153 BUSINESS PHONE: 2127548100 SC 13D 1 SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 S C H E D U L E 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a). (Amendment No. 6)(1) VIDEO SERVICES CORPORATION (formerly, INTERNATIONAL POST LIMITED) - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, $0.01 PAR VALUE - -------------------------------------------------------------------------------- (Title of Class of Securities) 460181100 (CUSIP Number) Copy to: Mr. Edward Grinacoff 21st Century Communications Partners, L.P. Morrison Cohen Singer & 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) June 11, 1998 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-(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 18- CUSIP No. 460181100 13D ================================================================================ 1 Names 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) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* WC - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 779,726 shares 5.9% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 370,274 shares 2.8% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 779,726 shares 5.9% With -------------------------------------------------------------- 10 Shared Dispositive Power 370,274 shares 2.8% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,150,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 8.7% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 2 of 18 - CUSIP No. 460181100 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 Item 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 265,296 shares 2.0% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 884,704 shares 6.7% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 265,296 shares 2.0% With -------------------------------------------------------------- 10 Shared Dispositive Power 884,704 shares 6.7% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,150,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 8.7% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 3 of 18 - CUSIP No. 460181100 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 Item 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 104,978 shares 0.8% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 1,045,022 shares 7.9% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 104,978 shares 0.8% With -------------------------------------------------------------- 10 Shared Dispositive Power 1,045,022 shares 7.9% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,150,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 8.7% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 4 of 18 - CUSIP No. 460181100 13D ================================================================================ 1 Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Sandler Capital Management - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* WC - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 shares 0% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 1,752,000 shares 13.2% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 shares 0% With -------------------------------------------------------------- 10 Shared Dispositive Power 1,752,000 shares 13.2% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,752,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 13.2% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 5 of 18 - CUSIP No. 460181100 13D ================================================================================ 1 Names 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) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* WC - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 shares 0% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 2,152,000 shares 16.2% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 shares 0% With -------------------------------------------------------------- 10 Shared Dispositive Power 2,152,000 shares 16.2% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 2,152,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 16.2% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 6 of 18 - CUSIP No. 460181100 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* WC - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 120,000 shares 0.9% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 2,152,000 shares 16.2% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 120,000 shares 0.9% With -------------------------------------------------------------- 10 Shared Dispositive Power 2,152,000 shares 16.2% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 2,272,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 17.1% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 7 of 18 - CUSIP No. 460181100 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* WC - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 shares 0% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 2,152,000 shares 16.2% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 shares 0% With -------------------------------------------------------------- 10 Shared Dispositive Power 2,152,000 shares 16.2% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 2,152,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 16.2% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 8 of 18 - CUSIP No. 460181100 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* WC - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 shares 0% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 2,152,000 shares 16.2% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 shares 0% With -------------------------------------------------------------- 10 Shared Dispositive Power 2,152,000 shares 16.2% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 2,152,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 16.2% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 9 of 18 - CUSIP No. 460181100 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* WC - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 shares 0% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 1,150,000 shares 8.7% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 shares 0% With -------------------------------------------------------------- 10 Shared Dispositive Power 1,150,000 shares 8.7% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,150,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 8.7% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 10 of 18 - CUSIP No. 460181100 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* WC - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 shares 0% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 1,150,000 shares 8.7% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 shares 0% With -------------------------------------------------------------- 10 Shared Dispositive Power 1,150,000 shares 8.7% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,150,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 8.7% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 11 of 18 - CUSIP No. 460181100 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* WC - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 shares 0% Shares -------------------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 1,150,000 shares 8.7% Each -------------------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 shares 0% With -------------------------------------------------------------- 10 Shared Dispositive Power 1,150,000 shares 8.7% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,150,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 8.7% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 12 of 18 - This statement, dated June 11, 1998, constitutes Amendment No. 6 to the Schedule 13D, dated December 21, 1994, regarding the reporting persons' ownership of common stock of Video Services Corporation (formerly, International Post Limited) (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. 6 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 information which has materially changed since the filing of the Schedule. ITEM 3. Source and Amount of Funds or Other Consideration. The source of funds for the acquisition of the additional shares of Common Stock was the general working capital of Sandler Associates, various managed accounts of Sandler Capital Management and J.K. Media L.P.
Number of Purchase Shares Price -------------- ---------------- Accounts Managed by SCM 56,000 $168,000 Sandler Associates 244,000 732,000 J.K. Media L.P. 100,000 300,000
ITEM 4. Purpose of Transaction. The reporting persons acquired their shares for the purposes of investment. The reporting persons do not have any plans or proposals which relate to or would result in any of the actions set forth in subparagraphs (a) through (j) of Item 4 of Schedule 13D. ITEM 5. Interests in Securities of the Issuer. (a) The following list sets forth the aggregate number and percentage (based on 13,264,307 shares of Common Stock outstanding as reported in the Issuer's Form 10-Q for the quarter ended March 31, 1998) of outstanding shares of Common Stock owned beneficially by each reporting person named in Item 2, as of June 11, 1998: - 13 of 18 -
Shares of Percentage of Shares Common Stock of Common Stock Name Beneficially Owned Beneficially Owned - ---- ------------------ ------------------ 21st Century Communications 1,150,000(2) 8.7% Partners, L.P. 21st Century Communications T-E 1,150,000(3) 8.7% Partners, L.P. 21st Century Communications Foreign 1,150,000(4) 8.7% Partners, L.P. Sandler Capital Management 1,752,000(5) 13.2% Michael J. Marocco 2,152,000(6,7) 16.2% John Kornreich 2,272,000(6,7,8) 17.1% Harvey Sandler 2,152,000(6,7) 16.2% Andrew Sandler 2,152,000(6,7) 16.2% Barry Rubenstein 1,150,000(6,9) 8.7% Barry Fingerhut 1,150,000(6,9) 8.7% Irwin Lieber 1,150,000(6,9) 8.7%
(b) By virtue of being the general partner of SIP and the manager of certain accounts owning shares of Common Stock with respect to which SCM exercises investment discretion, SCM may be deemed to have shared power to vote and to dispose of 1,752,000 shares of Common Stock, representing approximately 13.2% of the outstanding Common Stock. - -------- (2) 21st Century disclaims beneficial ownership of 265,296 shares of Common Stock owned by T-E and 104,978 shares of Common Stock owned by Foreign. (3) T-E disclaims beneficial ownership of 779,726 shares of Common Stock owned by 21st Century and 104,978 shares of Common Stock owned by Foreign. (4) Foreign disclaims beneficial ownership of 779,726 shares of Common Stock owned by 21st Century and 265,296 shares of Common Stock owned by T-E. (5) Includes 779,726 shares of Common Stock owned by 21st Century, 265,296 shares of Common Stock owned by T-E and 104,978 shares of Common Stock owned by Foreign. SCM disclaims beneficial ownership of 602,000 shares of Common Stock held in accounts managed by SCM. (6) The reporting person disclaims beneficial ownership of these securities, except to the extent of his equity interest therein. (7) Includes 779,726 shares of Common Stock owned by 21st Century, 265,296 shares of Common Stock owned by T-E, 104,978 shares of Common Stock owned by Foreign and 400,000 shares of Common Stock owned by Sandler Associates. The reporting person disclaims beneficial ownership of 602,000 shares of Common Stock held in accounts managed by SCM. (8) Includes 120,000 shares of Common Stock owned by J.K. Media L.P. (9) Includes 779,726 shares of Common Stock owned by 21st Century, 265,296 shares of Common Stock owned by T-E and 104,978 shares of Common Stock owned by Foreign. - 14 of 18 - By virtue of being the sole shareholder of MJ DM Corp. and a general partner of Sandler Associates, Michael J. Marocco may be deemed to have shared power to vote and to dispose of 2,152,000 shares of Common Stock, representing approximately 16.2% of the outstanding Common Stock. By virtue of being the sole shareholder of Four JK Corp. and a general partner of Sandler Associates, John Kornreich may be deemed to have shared power to vote and to dispose of 2,152,000 shares of Common Stock, representing approximately 16.2% of the outstanding Common Stock. By virtue of being the general partner of JK Media L.P., John Kornreich may be deemed to have sole power to vote and to dispose of 120,000 shares of Common Stock, representing approximately 0.9% of the outstanding Common Stock. By virtue of being the sole shareholder of ARH Corp. and a general partner of Sandler Associates, Harvey Sandler may be deemed to have shared power to vote and to dispose of 2,152,000 shares of Common Stock, representing approximately 16.2% of the outstanding Common Stock. By virtue of being a majority member of ALSI, LLC and a general partner of Sandler Associates, Andrew Sandler may be deemed to have shared power to vote and to dispose of 2,152,000 shares of Common Stock, representing approximately 16.2% of the outstanding Common Stock. By virtue of being a shareholder, officer and director of InfoMedia, Barry Rubenstein may be deemed to have shared power to vote and to dispose of 1,150,000 shares of Common Stock, representing approximately 8.7% 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 1,150,000 shares of Common Stock, representing approximately 8.7% 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 1,150,000 shares of Common Stock, representing approximately 8.7% of the outstanding Common Stock. - 15 of 18 - (c) The following is a description of all transactions in the shares of Common Stock by the persons identified in Item 2 of this Schedule 13D effected from April 11, 1998 through June 11, 1998, inclusive:
Purchase Number of Shares Purchase or Name of Shareholder or Sale Date Purchased or (Sold) Sales Price ------------------- ------------ ------------------- ----------- Accounts managed by Sandler Capital Management 6/11/98 56,000 $3.00 Sandler Associates 6/11/98 244,000 $3.00 J.K. Media L.P. 6/11/98 100,000 $3.00
The transactions were effected on the American Stock Exchange. (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) Not applicable. - 16 of 18 - 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: June 19, 1998 21ST CENTURY COMMUNICATIONS PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: ARH Corp., 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., 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., general partner By:/s/ Edward Grinacoff ---------------------------------------------- Name: Edward Grinacoff Title: Secretary and Treasurer - 17 of 18 - /s/ Michael J. Marocco --------------------------------- Michael J. Marocco /s/ John Kornreich --------------------------------- John Kornreich /s/ Harvey Sandler --------------------------------- Harvey Sandler /s/ Andrew Sandler --------------------------------- Andrew Sandler /s/ Barry Rubenstein --------------------------------- Barry Rubenstein /s/ Irwin Lieber --------------------------------- Irwin Lieber /s/ Barry Fingerhut --------------------------------- Barry Fingerhut SANDLER CAPITAL MANAGEMENT By: ARH Corp. By: /s/ Edward Grinacoff ---------------------------- Name: Edward Grinacoff Title: Secretary and Treasurer ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). - 18 of 18 - -----END PRIVACY-ENHANCED MESSAGE-----