-----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, MZkp6OcYGQkZDfkF2GIkrb92qU5Mi5Udv2zo26hf7TUoQ/HgHbmvzUfXDa+IyVw/ f/6tVTvRHeOJ26VK0kMmBg== 0000891554-99-000379.txt : 19990219 0000891554-99-000379.hdr.sgml : 19990219 ACCESSION NUMBER: 0000891554-99-000379 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990218 GROUP MEMBERS: BARRY RUBENSTEIN GROUP MEMBERS: MARILYN RUBENSTEIN GROUP MEMBERS: SENECA VENTURES GROUP MEMBERS: WOODLAND PARTNERS GROUP MEMBERS: WOODLAND SERVICES CORP. GROUP MEMBERS: WOODLAND VENTURE FUND SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: UNITY FIRST ACQUISITION CORP CENTRAL INDEX KEY: 0001021435 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 133899021 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-47429 FILM NUMBER: 99544832 BUSINESS ADDRESS: STREET 1: 245 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10016 BUSINESS PHONE: 2126964282 MAIL ADDRESS: STREET 1: 245 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10016 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 SCHEDULE 13D/A 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. 3)(1) UNITY FIRST ACQUISITION CORP. (Name of Issuer) COMMON STOCK, $0.0001 PAR VALUE (Title of Class of Securities) 912908100 (CUSIP Number) Copy to: Seneca Ventures Stephen A. Cohen, Esq. 68 Wheatley Road Morrison Cohen Singer & Weinstein, LLP Brookville, New York 11545 750 Lexington Avenue Telephone (516) 626-3070 New York, New York 10022 Telephone (212) 735-8600 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) - -------------------------------------------------------------------------------- February 8, 1999 (Date of Event which Requires Filing this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-(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 10 - CUSIP No. 912908100 13D ________________________________________________________________________________ 1 Name of reporting person I.R.S. Identification Nos. of Above Persons (Entities Only) Woodland Partners ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [X] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* 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 100,000 Shares 5.3% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 182,600 Shares 9.7% Owned By _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 100,000 Shares 5.3% Person _________________________________________________________________ 10 Shared Dispositive Power With 182,600 shares 9.7% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 282,600 shares ________________________________________________________________________________ 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 15.1% ________________________________________________________________________________ 14 Type of Reporting Person* PN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! -2 of 10- CUSIP No. 912908100 13D ________________________________________________________________________________ 1 Name of reporting person I.R.S. Identification Nos. of Above Persons (Entities Only) Barry Rubenstein ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [X] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* PF, OO ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 150,000 shares 8.0% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 132,600 shares 7.1% Owned By _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 150,000 Shares 8.0% Person _________________________________________________________________ 10 Shared Dispositive Power With 132,600 shares 7.1% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 282,600 shares ________________________________________________________________________________ 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 15.1% ________________________________________________________________________________ 14 Type of Reporting Person* IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! -3 of 10- CUSIP No. 912908100 13D ________________________________________________________________________________ 1 Name of reporting person I.R.S. Identification Nos. of Above Persons (Entities Only) Marilyn Rubenstein ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [X] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* OO ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 0 shares 0% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 282,600 shares 15.1% Owned By _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 0 shares 0% Person _________________________________________________________________ 10 Shared Dispositive Power With 282,600 shares 15.1% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 282,600 shares ________________________________________________________________________________ 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 15.1% ________________________________________________________________________________ 14 Type of Reporting Person* IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! -4 of 10- CUSIP No. 912908100 13D ________________________________________________________________________________ 1 Name of reporting person 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) [X] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* 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 10,200 shares 0.5% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 272,400 shares 14.5% Owned By _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 10,200 shares 0.5% Person _________________________________________________________________ 10 Shared Dispositive Power With 272,400 shares 14.5% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 282,600 shares ________________________________________________________________________________ 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 15.1% ________________________________________________________________________________ 14 Type of Reporting Person* PN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! -5 of 10- CUSIP No. 912908100 13D ________________________________________________________________________________ 1 Name of reporting person I.R.S. Identification Nos. of Above Persons (Entities Only) Seneca Ventures ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [X] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* 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 22,400 shares 1.2% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 260,200 shares 13.9% Owned By _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 22,400 shares 1.2% Person _________________________________________________________________ 10 Shared Dispositive Power With 260,200 shares 13.9% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 282,600 shares ________________________________________________________________________________ 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 15.1% ________________________________________________________________________________ 14 Type of Reporting Person* PN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! -6 of 10- CUSIP No. 912908100 13D ________________________________________________________________________________ 1 Name of reporting person 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) [X] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* OO ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization New York ________________________________________________________________________________ 7 Sole Voting Power Number of 0 shares 0% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 282,600 shares 15.1% Owned By _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 0 shares 0% Person _________________________________________________________________ 10 Shared Dispositive Power With 282,600 shares 15.1% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 282,600 shares ________________________________________________________________________________ 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 15.1% ________________________________________________________________________________ 14 Type of Reporting Person* CO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! -7 of 10- This statement, dated February 8, 1999, constitutes Amendment No. 3 to the Schedule 13D, dated November 13, 1996, regarding the reporting persons' ownership of certain securities of Unity First Acquisition Corp. (the "Issuer"). This Schedule 13D is hereinafter referred to as the "Schedule". All capitalized terms used herein and otherwise undefined shall have the meanings ascribed in the Schedule. This Amendment No. 3 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 5. Interests in Securities of the Issuer. (a) The following list sets forth the aggregate number and percentage (based on 1,875,000 shares of Common Stock outstanding as reported by the Issuer in its Proxy dated September 14, 1998) of outstanding shares of Common Stock owned beneficially by each reporting person named in Item 2, as of February 8, 1999: Shares of Percentage of Shares Common Stock of Common Stock Name Beneficially Owned(2) Beneficially Owned - ---- ------------------ -------------------- Woodland Partners 282,600(3)(4) 15.1% Barry Rubenstein 282,600(3)(5) 15.1% Marilyn Rubenstein 282,600(3) 15.1% Woodland Venture Fund 282,600(3)(6) 15.1% Seneca Ventures 282,600(3)(7) 15.1% Woodland Services Corp. 282,600(3) 15.1% (b) By virtue of being a general partner of Partners, the Fund and Seneca, Barry Rubenstein may be deemed to have shared power to vote and to dispose of 132,600 shares of Common Stock, representing approximately 7.1% of the outstanding Common Stock. Barry Rubenstein has sole power to vote and to dispose of 150,000 shares of Common Stock, representing approximately 8.0% of the outstanding Common Stock. Marilyn Rubenstein, by virtue of being a general partner of Partners, and the wife of Barry Rubenstein, may be deemed to have shared power to vote and to dispose of 282,600 shares of Common Stock, representing approximately 15.1% of the outstanding Common Stock. - ---------- 2 Does not include shares of Common Stock issuable upon the exercise of the Class A Warrants or the Class B Warrants. 3 The reporting person disclaims beneficial ownership of the securities except to the extent of his/her/its equity interest therein. 4 Includes 100,000 shares of Common Stock owned by Woodland Partners. 5 Includes 150,000 shares of Common Stock held in the Barry Rubenstein Rollover IRA account. 6 Includes 10,200 shares of Common Stock owned by the Fund. 7 Includes 22,400 shares of Common Stock owned by Seneca. - 8 of 10 - Partners has sole power to vote and to dispose of 100,000 shares of Common Stock, representing approximately 5.3% of the outstanding Common Stock, and may be deemed to have shared power to vote and to dispose of 182,600 shares of Common Stock, representing approximately 9.7% of the outstanding Common Stock. The Fund has sole power to vote and to dispose of 10,200 shares of Common Stock, representing approximately 0.5% of the outstanding Common Stock, and may be deemed to have shared power to vote and to dispose of 272,400 shares of Common Stock, representing approximately 14.5% of the outstanding Common Stock. Seneca has sole power to vote and to dispose of 22,400 shares of Common Stock, representing approximately 1.2% of the outstanding Common Stock, and may be deemed to have shared power to vote and to dispose of 260,200 shares of Common Stock, representing approximately 13.9% of the outstanding Common Stock. Services may be deemed to have shared power to vote and to dispose of 282,600 shares of Common Stock, representing approximately 15.1% of the outstanding Common Stock. (c) The following is a description of all transactions in shares of Common Stock of the Issuer by the persons identified in Item 2 of this Schedule 13D effected from January 27, 1999 through February 8, 1999, inclusive: Purchase or Number of Shares Purchase or Name of Shareholder Sale Date Purchased or (Sold) Sale Price Woodland Venture Fund 1/28/99 (12,500) $5.25000 1/29/99 (1,800) $5.21875 2/3/99 (3,000) $5.21875 Seneca Ventures 2/8/99 (2,600) $5.21875 The reporting persons sold the shares of Common Stock in the over-the-counter market. (d) No other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of such securities. (e) Not applicable. - 9 of 10 - 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: February 12, 1999 Barry Rubenstein ---------------------------------------- Barry Rubenstein, individually, as General Partner on behalf of Woodland Partners, Seneca Ventures, and Woodland Venture Fund, and as President of Woodland Services Corp. Marilyn Rubenstein ---------------------------------------- Marilyn Rubenstein ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). - 10 of 10 - -----END PRIVACY-ENHANCED MESSAGE-----