-----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, ND6dNjjFx1r97JzR7rakfxes4RS8RmSTTFR6Xr85vIHJZga5yxx+BNxtkRkElFu3 HGaYIVoRBra8vqj2VHCeLw== 0000912057-05-000265.txt : 20051114 0000912057-05-000265.hdr.sgml : 20051111 20051114170923 ACCESSION NUMBER: 0000912057-05-000265 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20051114 DATE AS OF CHANGE: 20051114 GROUP MEMBERS: ALAN H. KEMPNER III GROUP MEMBERS: ANDREW G. KNAFEL GROUP MEMBERS: ANN BERNHARD GROUP MEMBERS: ARTHUR SHULMAN GROUP MEMBERS: BRUCE LEVY GROUP MEMBERS: CHARLES E. DIETZ GROUP MEMBERS: DAN MCCOMAS GROUP MEMBERS: DANIEL MANNINO GROUP MEMBERS: DORIS KEMPNER GROUP MEMBERS: ELIZABETH GRIER GROUP MEMBERS: ELLIOT BRECHER GROUP MEMBERS: GEROLD BEZZENBERGER GROUP MEMBERS: GREGORY B. GRAFF GROUP MEMBERS: HEATHER WRIGHT GROUP MEMBERS: HELEN-MAE ASKIN GROUP MEMBERS: JAMES D. MORGAN GROUP MEMBERS: JAMES S. MARCUS GROUP MEMBERS: JEFFREY A. KAUFMAN GROUP MEMBERS: JOHN ABBOT GROUP MEMBERS: JOHN S. SCHERLIS GROUP MEMBERS: JOHN W. HUTTON GROUP MEMBERS: JONATHAN A. KAUFMAN GROUP MEMBERS: JOSHUA RUBENSTEIN GROUP MEMBERS: JUDITH M. BISHOP GROUP MEMBERS: K. DAVID ISAACS GROUP MEMBERS: KAUFMAN FAMILY INTERESTS GROUP MEMBERS: LEONARD AND BARBARA SCHERLIS GROUP MEMBERS: LILLIAN C. SCHERLIS GROUP MEMBERS: MARA R. BANNARD GROUP MEMBERS: MARC NATHANSON GROUP MEMBERS: MARY E. RHODES GROUP MEMBERS: MARY L. UMLAUF GROUP MEMBERS: MERCEDES KAUFMAN GROUP MEMBERS: MICHAEL COLEMAN KEMPNER GROUP MEMBERS: MICHAEL S. WILNER GROUP MEMBERS: MICHAEL WARD GROUP MEMBERS: NANCY ASKIN GROUP MEMBERS: PAMELA EULER HALLING GROUP MEMBERS: SEYMOUR R. ASKIN, JR. GROUP MEMBERS: SOPHIA G. SCHERLIS GROUP MEMBERS: THOMAS G. SCHERLIS GROUP MEMBERS: THOMAS L. KEMPNER GROUP MEMBERS: VICTORIA HAMILTON GROUP MEMBERS: WALTER KELLY GROUP MEMBERS: WILLIAM L. SCHERLIS FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KNAFEL SIDNEY R CENTRAL INDEX KEY: 0000924039 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: BUSINESS PHONE: 2123712266 MAIL ADDRESS: STREET 1: 126 EAST 56 STREET CITY: NEW YORK STATE: NY ZIP: 10022 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INSIGHT COMMUNICATIONS CO INC CENTRAL INDEX KEY: 0001084421 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 134053502 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-58331 FILM NUMBER: 051202742 BUSINESS ADDRESS: STREET 1: 126 EAST 56TH STREET CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2123712266 MAIL ADDRESS: STREET 1: INSIGHT COMMUNICATIONS CO INC STREET 2: 126 EAST 56TH STREET CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 a2165191zsc13da.htm SC 13D/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE
COMMISSION

 

 

Washington, D.C. 20549

 

 

SCHEDULE 13D/A

 

Information to be included in statements filed pursuant to Rule 13d-1(a) and amendments thereto
filed pursuant to Rule 13d-2(a)

Under the Securities Exchange Act of 1934
(Amendment No. 2)*

INSIGHT COMMUNICATIONS COMPANY, INC.

(Name of Issuer)

 

Class A Common Stock, $0.01 par value

(Title of Class of Securities)

 

45768V108

(CUSIP Number)

 

J. Kevin Mills

Thomas D. Twedt

Dow, Lohnes & Albertson, PLLC

1200 New Hampshire Avenue, N.W.

Washington, D.C.  20036  (202) 776-2000

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

November 14, 2005

(Date of Event which Requires Filing of 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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ý

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* 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.   45768V108

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Sidney R. Knafel

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
3,961,259*

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
3,961,259*

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
3,961,259*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
Approximately 7.1%**

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  Includes 3,853,132 shares of Class B Common Stock of Insight Communications Company, Inc. (“Insight”), par value $0.01 per share (the “Class B Common Stock”).  Of the shares deemed to be beneficially owned by Mr. Knafel, 50,000 shares of Class A Common Stock of Insight, par value $0.01 per share (the “Class A Common Stock,” and together with the Class B Common Stock, the “Common Stock”), and 3,427,177 shares of Class B Common Stock are held by a foundation and a corporation, respectively, controlled by Mr. Knafel, 425,955 shares of Class B Common Stock are held by the estate of Mr. Knafel’s deceased wife for which Mr. Knafel serves as executor and 1,877 shares of Class A Common Stock are held in his 401(k) account.  Also includes 56,250 shares issuable upon the exercise of options.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095 which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

**  The denominator is based on:  (i) 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005; (ii) 3,853,132 shares of Class A Common Stock into which the Class B Common Stock beneficially owned by Mr. Knafel may be converted; and (iii) 56,250 shares issuable upon the exercise of options exercisable within 60 days.  Each share of Class B Common Stock is convertible at any time into one share of Class A Common Stock.  Holders of Class A Common Stock are entitled to one vote per share, and holders of Class B Common Stock are entitled to ten votes per share.  Holders of both classes of Common Stock vote together as a single class on all matters presented for a vote, except as otherwise required by law.  The shares deemed to be beneficially owned by Mr. Knafel represent approximately 28.3% of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

2



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Andrew G. Knafel, Joshua Rubenstein and William L. Scherlis, as trustees (the “Trustees”) under Trusts F/B/O Knafel children (the “Trusts”)

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
New York

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
3,397,027*

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
3,397,027*

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
3,397,027*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
Approximately 6.1%**

 

 

14.

Type of Reporting Person (See Instructions)
OO

 


*   Represents 3,397,027 shares of Class B Common Stock beneficially owned by the Trusts, including 386,413 shares held individually by Andrew G. Knafel.  Sidney Knafel expressly disclaims beneficial ownership of all of the reported shares, and the Trustees disclaim any economic interest in or beneficial ownership of any of the Class A Common Stock or Class B Common Stock held by the Trusts.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095 which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

**  The denominator is based on:  (i) 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005; and (ii) 3,397,027 shares of Class A Common Stock into which the Class B Common Stock beneficially owned by the Trusts and Andrew G. Knafel may be converted.  The shares deemed to be beneficially owned by the Trusts represent approximately 24.8% of the total outstanding votes of the Common Stock as a single class. The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

3



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Michael S. Willner

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
1,272,648*

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
1,272,648*

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
1,272,648*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
Approximately 2.4%**

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  Includes 1,106,516 shares of Class B Common Stock, including 6,448 shares held in trust for the benefit of Mr. Willner’s minor children.  Also includes 164,375 shares of Class A Common Stock issuable upon the exercise of stock options and 1,757 shares of Class A Common Stock held in Mr. Willner’s 401(k) account.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

**  The denominator is based on:  (i) 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005; (ii) 1,106,516 shares of Class A Common Stock into which the Class B Common Stock beneficially owned by Mr. Willner may be converted; and (iii) 164,375 shares of Class A Common Stock issuable upon the exercise of stock options exercisable within 60 days.  The shares deemed to be beneficially owned by Mr. Willner represent approximately 8.2% of the total outstanding votes of the Common Stock as a single class. The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

4



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
James S. Marcus

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
152,984*

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
152,984*

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
152,984*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11)
Approximately 0.3%**

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  Includes 132,779 shares of Class B Common Stock.  Also includes 20,205 shares of Class A Common Stock issuable upon the exercise of independent director retainer stock options.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

**  The denominator is based on:  (i) 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005; (ii) 132,779 shares of Class A Common Stock into which the Class B Common Stock beneficially owned by Mr. Marcus may be converted; and (iii) 20,205 shares of Class A Common Stock issuable upon the exercise of his independent director retainer stock options.  The shares deemed to be beneficially owned by Mr. Marcus represent approximately 1.0% of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

5



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Thomas L. Kempner

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
518,366*

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
518,366*

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
518,366*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
Approximately 1.0%**

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  Includes 60,668 shares of Class A Common Stock held personally by Mr. Kempner, 160 shares of Class A Common Stock held by a corporation that he controls and 20,205 shares of Class A Common Stock issuable upon the exercise of independent director retainer stock options.  Also includes 31,051 shares of Class A Common Stock held by the estate of Mr. Kempner’s deceased wife for which Mr. Kempner serves as executor and 406,282 shares of Class A Common Stock held by trusts for which he serves as trustee, for which he disclaims beneficial ownership.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

**  The denominator is based on:  (i) 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005; and (ii) 20,205 shares of Class A Common Stock issuable upon the exercise of his independent director retainer stock options.  The shares deemed to be beneficially owned by Mr. Kempner represent approximately 0.4% of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

6



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
John Abbot

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
67,229*

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
67,229*

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
67,229*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
Approximately 0.1%**

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  Includes 9,000 shares of Class A Common Stock held personally by Mr. Abbot, 229 shares of Class A Common Stock held in his 401(k) account and 58,000 shares of Class A Common Stock issuable upon the exercise of stock options.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

**  The denominator is based on:  (i) 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005; and (ii) 58,000 shares of Class A Common Stock issuable upon the exercise of stock options.  The shares deemed to be beneficially owned by Mr. Abbot represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

7



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Elliot Brecher

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
31,143*

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
31,143*

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
31,143*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.1%**

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  Includes 1,000 shares of Class A Common Stock held personally by Mr. Brecher, 1,893 shares of Class A Common Stock held in his 401(k) account and 28,250 shares of Class A Common Stock issuable upon the exercise of stock options.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

**  The denominator is based on:  (i) 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005; and (ii) 28,250 shares of Class A Common Stock issuable upon the exercise of stock options.  The shares deemed to be beneficially owned by Mr. Brecher represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

8



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Charles E. Dietz

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
142,362*

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
142,362*

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
142,362*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
Approximately 0.3%**

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  Includes 5,000 shares of Class A Common Stock held personally by Mr. Dietz, 1,925 shares of Class A Common Stock held in his 401(k) account, 23,250 shares of Class A Common Stock issuable upon the exercise of stock options and 112,187 shares of restricted Class A Common Stock received in connection with the loan program exchange offer completed in May 2005 (“Loan Program Exchange Shares”) that are subject to forfeiture based on continued employment.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

**  The denominator is based on:  (i) 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005; and (ii) 23,250 shares of Class A Common Stock issuable upon the exercise of stock options.  The shares deemed to be beneficially owned by Mr. Dietz represents approximately 0.1 percent the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

9



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Daniel Mannino

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
145,268*

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
145,268*

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
145,268*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
Approximately 0.3%**

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  Includes 2,500 shares of Class A Common Stock held personally by Mr. Mannino, 1,802 shares of Class A Common Stock held in his 401(k) account, 23,250 shares of Class A Common Stock issuable upon the exercise of stock options and 117,716 Loan Program Exchange Shares.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

**  The denominator is based on:  (i) 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005; and (ii) 23,250 shares of Class A Common Stock issuable upon the exercise of stock options.  The shares deemed to be beneficially owned by Mr. Mannino represent approximately 0.1 percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

10



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Pamela Euler Halling

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
244,045*

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
244,045*

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
244,045*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
Approximately 0.5%**

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  Includes 1,933 shares of Class A Common Stock held in Ms. Euler Halling’s 401(k) account, 23,250 shares of Class A Common Stock issuable upon the exercise of stock options and 218,862 Loan Program Exchange Shares.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons. The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

**  The denominator is based on:  (i) 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005; and (ii) 23,250 shares of Class A Common Stock issuable upon the exercise of stock options.  The shares deemed to be beneficially owned by Ms. Euler Halling represent approximately 0.2 percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

11



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Mary E. Rhodes

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
70,734*

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
70,734*

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
70,734*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
Approximately 0.1%**

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  Includes 1,575 shares of Class A Common Stock held in Ms. Rhodes’s 401(k) account, 22,000 shares of Class A Common Stock issuable upon the exercise of stock options and 47,159 Loan Program Exchange Shares.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

**  The denominator is based on:  (i) 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005; and (ii) 22,000 shares of Class A Common Stock issuable upon the exercise of stock options.  The shares deemed to be beneficially owned by Ms. Rhodes represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

12



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Elizabeth Grier

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
108,390

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
108,390*

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
108,390*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
Approximately 0.2%**

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  Includes 1,161 shares of Class A Common Stock held in Ms. Greir’s 401(k) account, 11,650 shares of Class A Common Stock issuable upon the exercise of stock options and 95,579 Loan Program Exchange Shares.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

**  The denominator is based on:  (i) 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005; and (ii) 11,650 shares of Class A Common Stock issuable upon the exercise of stock options.  The shares deemed to be beneficially owned by Ms. Grier represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

13



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Heather Wright

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
43,981*

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
43,981*

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
43,981*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
Approximately 0.1%**

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  Includes 971 shares of Class A Common Stock held in Ms. Wright’s 401(k) account, 11,150 shares of Class A Common Stock issuable upon the exercise of stock options and 31,860 Loan Program Exchange Shares.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

**  The denominator is based on:  (i) 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005; and (ii) 11,150 shares of Class A Common Stock issuable upon the exercise of stock options.  The shares deemed to be beneficially owned by Ms. Wright represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

14



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Gregory B. Graff

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
30,682*

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
30,682*

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
30,682*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
Approximately 0.1%**

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  Includes 2,987 shares of Class A Common Stock held personally by Mr. Graff, 1,195 shares of Class A Common Stock held in his 401(k) account and 26,500 shares of Class A Common Stock issuable upon the exercise of stock options.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

**  The denominator is based on:  (i) 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005; and (ii) 26,500 shares of Class A Common Stock issuable upon the exercise of stock options.  The shares deemed to be beneficially owned by Mr. Graff represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

15



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
John W. Hutton

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
27,475*

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
27,475*

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
27,475*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
Approximately 0.1%**

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  Includes 2,000 shares of Class A Common Stock held personally by Mr. Hutton, 1,529 shares of Class A Common Stock held in his 401(k) account and 23,946 shares of Class A Common Stock issuable upon the exercise of stock options.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

**  The denominator is based on:  (i) 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005; and (ii) 23,946 shares of Class A Common Stock issuable upon the exercise of stock options.  The shares deemed to be beneficially owned by Mr. Hutton represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

16



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
James D. Morgan

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
26,775*

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
26,775*

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
26,775*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
Approximately 0.0%**

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  Includes 1,075 shares of Class A Common Stock held personally by Mr. Morgan, 700 shares of Class A Common Stock held in his 401(k) account and 25,000 shares of Class A Common Stock issuable upon the exercise of stock options.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

**  The denominator is based on:  (i) 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005; and (ii) 25,000 shares of Class A Common Stock issuable upon the exercise of stock options.  The shares deemed to be beneficially owned by Mr. Morgan represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

17



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Walter Kelly

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
19,383*

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
19,383*

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
19,383*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
Approximately 0.0%**

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  Includes 528 shares of Class A Common Stock held personally by Mr. Kelly, 930 shares of Class A Common Stock held in his 401(k) account and 17,925 shares of Class A Common Stock issuable upon the exercise of stock options.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

**  The denominator is based on:  (i) 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005; and (ii) 17,925 shares of Class A Common Stock issuable upon the exercise of stock options.  The shares deemed to be beneficially owned by Mr. Kelly represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

18



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Dan McComas

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
5,515*

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
5,515*

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
5,515*

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
Approximately 0.0%**

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  Includes 1,500 shares of Class A Common Stock held personally by Mr. McComas, 765 shares of Class A Common Stock held in his 401(k) account and 3,250 shares of Class A Common Stock issuable upon the exercise of stock options.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

**  The denominator is based on:  (i) 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005; and (ii) 3,250 shares of Class A Common Stock issuable upon the exercise of stock options.  The shares deemed to be beneficially owned by Mr. McComas represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

19



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Nancy Askin

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
24,081

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
24,081

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
24,081

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.0%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by Ms. Askin represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

20



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Helen-Mae Askin

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
20,178

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
20,178

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
20,178

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.0%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons. The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by Ms. Askin represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

21



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Seymour R. Askin, Jr.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
206,625

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
206,625

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
206,625

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.4%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by Mr. Askin represent approximately 0.2 percent of the total outstanding votes of the Common Stock as a single class.   The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

22



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Mara R. Bannard

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
10,170

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
10,170

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
10,170

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.0%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by Ms. Bannard represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

23



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Ann Bernhard

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
1,000

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
1,000

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
1,000

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.0%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by Ms. Bernhard represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

24



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Gerold Bezzenberger

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Germany

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
50,000

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
50,000

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
50,000

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.1%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by Mr. Bezzenberger represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

25



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Victoria Hamilton

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
22,000

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
22,000

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
22,000

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.0%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by Ms. Hamilton represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

26



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
K. David Isaacs

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
1,500

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
1,500

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
1,500

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.0%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by Mr. Isaacs represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

27



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Kaufman Family Interests L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
171,140

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
171,140

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
171,140

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.3%*

 

 

14.

Type of Reporting Person (See Instructions)
PN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons. The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by Kaufman Family Interests L.P. represent approximately 0.1 percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

28



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Mercedes Kaufman, as trustee under Betty K. Weinberger Trust

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
66,046

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
66,046

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
66,046

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.1%*

 

 

14.

Type of Reporting Person (See Instructions)
OO

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by the Betty K. Weinberger Trust represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

29



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Jeffrey A. Kaufman

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
34,775

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
34,775

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
34,775

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.1%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by Mr. Kaufman represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

30



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Jonathan A. Kaufman

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
28,521

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
28,521

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
28,521

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.1%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by Mr. Kaufman represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

31



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Alan H. Kempner III

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
264,377

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
264,377

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
264,377

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.5%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by Alan H. Kempner III represent approximately 0.2 percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

32



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Michael Coleman Kempner

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
15,068

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
15,068

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
15,068

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.0%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by Michael Kempner represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

33



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Michael Ward, as trustee under the Michael Coleman Kempner Trust U/A 5/19/64

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
10,026

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
10,026

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
10,026

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.0%*

 

 

14.

Type of Reporting Person (See Instructions)
OO

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons. The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by the Michael Coleman Kempner Trust U/A 5/19/64 represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

34



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Doris Kempner

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
30,306

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
30,306

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
30,306

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.1%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by Doris Kempner represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

35



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Judith M. Bishop, as trustee under the Carl Loeb Kempner, Jr. Trust U/A 5/19/64

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
9,526

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
9,526

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
9,526

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.0%*

 

 

14.

Type of Reporting Person (See Instructions)
OO

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by the Carl Loeb Kempner, Jr. Trust U/A 5/19/64 represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

36



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Mary L. Umlauf, as trustee under the Kathryn Kempner Poteat Trust U/A 5/19/64

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
11,526

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
11,526

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
11,526

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.0%*

 

 

14.

Type of Reporting Person (See Instructions)
OO

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by the Kathryn Kempner Poteat Trust U/A 5/19/64 represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

37



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
John S. Scherlis

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
5,000

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
5,000

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
5,000

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.0%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by John S. Scherlis represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

38



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Leonard and Barbara Scherlis

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
16,974

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
16,974

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
16,974

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.0%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by Leonard and Barbara Scherlis represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

39



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Lillian C. Scherlis

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
1,836

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
1,836

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
1,836

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.0%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by Lillian C. Scherlis represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

40



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Sophia G. Scherlis

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
1,836

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
1,836

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
1,836

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.0%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by Sophia G. Scherlis represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

41



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Thomas G. Scherlis

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
1,836

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
1,836

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
1,836

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.0%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by Thomas G. Scherlis represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

42



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
William L. Scherlis

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
2,404

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
2,404

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
2,404

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.0%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by William L. Scherlis represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

43



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Marc Nathanson

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
20,000

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
20,000

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
20,000

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.0%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by Marc Nathanson represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

44



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Arthur Shulman

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
16,800

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
16,800

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
16,800

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.0%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by Arthur Shulman represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

45



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Bruce Levy

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
13,278

 

8.

Shared Voting Power 
0

 

9.

Sole Dispositive Power 
13,278

 

10.

Shared Dispositive Power 
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person 
13,278

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
Not Applicable

 

 

13.

Percent of Class Represented by Amount in Row (11) 
0.0%*

 

 

14.

Type of Reporting Person (See Instructions)
IN

 


*  The denominator is based on 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  The Reporting Persons (as defined under Item 2 of this Amendment No. 2 to Schedule 13D) may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and therefore each Reporting Person may be deemed to beneficially own the shares held by all other Reporting Persons.  The aggregate number of shares beneficially owned by all of the Reporting Persons is 11,322,095, which includes 8,489,454 shares of Class B Common Stock and 558,456 shares of Class A Common Stock issuable upon the exercise of options that are exercisable within 60 days.

 

The shares deemed to be beneficially owned by Bruce Levy represent less than one-tenth of one percent of the total outstanding votes of the Common Stock as a single class.  The aggregate shares of Common Stock beneficially owned by all of the Reporting Persons represent approximately 5.5% of the outstanding shares of Class A Common Stock, 100% of the outstanding shares of Class B Common Stock and approximately 64.2% of the total outstanding votes of the Common Stock as a single class.

 

46


 

Item 1.  Security and Issuer

 

The class of equity securities to which this Amendment No. 2 to Schedule 13D (this “Amendment”) relates is the Class A Common Stock, par value $0.01 per share (the “Class A Common Stock”), of Insight Communications Company, Inc., a Delaware corporation (“Insight”).  The principal executive offices of Insight are located at 810 7th Avenue, New York, New York 10019.

 

Item 2.  Identity and Background

 

This Amendment is being filed by :

 

                  Sidney R. Knafel; Andrew G. Knafel, Joshua Rubenstein and William L. Scherlis, as trustees (the “Trustees”) under Trusts F/B/O Knafel children (the “Trusts”); Michael S. Willner; James S. Marcus; Thomas L. Kempner; Andrew G. Knafel (collectively, the “Original Reporting Persons”);

 

                  Nancy Askin; Helen–Mae Askin; Seymour R. Askin, Jr.; Gerold Bezzenberger; Victoria Hamilton; K. David Isaacs; Kaufman Family Interests L.P.; Mercedes Kaufman, as trustee under the Betty K. Weinberger Trust; Jeffrey A. Kaufman; Jonathan A. Kaufman; John S. Scherlis; Leonard Scherlis; Barbara Scherlis; Thomas G. Scherlis; William L. Scherlis; Lillian C. Scherlis; Sophia G. Scherlis; Ann Bernhard; Alan H. Kempner, III; Michael Coleman Kempner; Michael Ward, as trustee under the Michael Coleman Kempner Trust U/A 5/19/64; Judith M. Bishop, as trustee under the Carl Loeb Kempner, Jr. Trust U/A 5/19/64; Doris Kempner; Mary L. Umlauf, as trustee under the Kathryn Kempner Poteat Trust U/A 5/19/64; Arthur Shulman; Marc Nathanson; and Bruce Levy (collectively, the “Holdco Reporting Persons”); and

 

                  John Abbot, Elliot Brecher, Pamela Euler Halling, Mary Rhodes, Elizabeth Grier, Charles E. Dietz, Daniel Mannino, Heather Wright, Gregory B. Graff, John W. Hutton, James D. Morgan, Walter Kelly, Dan DeYoung, Dan McComas and Mara Bannard (collectively, the “Rollover Investors” and together with the Original Reporting Persons and the Holdco Reporting Persons, the “Reporting Persons”).

 

The Reporting Persons are filing this Amendment because they may be deemed to be a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), with respect to the transaction described in Item 4 of the Schedule 13D (as defined below).  Except as expressly set forth in this Amendment, each Reporting Person disclaims beneficial ownership of the shares of Class A Common Stock or Class B Common Stock of Insight, par value

 

47



 

$0.01 per share (the “Class B Common Stock,” and together with the Class A Common Stock, the “Common Stock”), beneficially owned by any other Reporting Person.

 

This Amendment amends the Schedule 13D (the “Original 13D”) filed with the Securities and Exchange Commission (the “Commission”) on March 7, 2005 as amended by Amendment No. 1 to Schedule 13D filed with the Commission on July 29, 2005 (“Amendment No. 1 to Schedule 13D” and collectively with the Original 13D and this Amendment, the “Schedule 13D”).  Except as modified herein, the Original 13D, as amended by Amendment No. 1 to Schedule 13D, is unmodified.  Capitalized terms used but not defined in this Amendment shall have the meaning given in Amendment No. 1 to Schedule 13D.

 

To the best knowledge of the persons filing this Amendment, the name, business address and present principal occupation or employment of each Reporting Person is set forth on Appendix A hereto, which Appendix A is incorporated by reference herein.

 

To the best knowledge of the persons filing this Amendment, during the last five years, none of the Reporting Persons has been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors).

 

To the best knowledge of the persons filing this Amendment, during the last five years, none of the Reporting Persons has been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction as the result of which he or it was or is subject to any judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

To the best knowledge of the persons filing this Amendment, each Reporting Person is a citizen of the United States of America, except Gerold Bezzenberger, who is a citizen of Germany.

 

48



 

Item 3.  Source and Amount of Funds or Other Consideration

 

The shares of Class A Common Stock reported as beneficially owned by the Reporting Persons were acquired in the initial public offering of Insight, through open market purchases using personal funds, by means of gift, inheritance or other gratuitous transfer, or through their service as an officer, director or employee of Insight.

 

The Reporting Persons estimate that the amount of funds that would be required to purchase all of the shares of outstanding Class A Common Stock and Class B Common Stock to be converted in the Merger into the right to receive the Merger Consideration, to settle outstanding, in-the-money options and to pay estimated fees and expenses is approximately $658 million.  The majority of these funds will be provided by affiliates of The Carlyle Group (the “Sponsor”) and PH Investments, LLC, an entity affiliated with Amos B. Hostetter, Jr. (“PH Investments”), through a cash investment in Insight Acquisition Corp. (“Parent”) and by any other persons that may subscribe to purchase shares of Parent Class C Preferred Stock or Parent Class D Preferred Stock and that are mutually agreed to by the Sponsor, Sidney Knafel and Michael Willner (“New Investors”).  Sponsor will invest an amount equal to Sponsor’s reasonable estimate (after good faith consultation with Sidney Knafel and Michael Willner) of the aggregate amount of cash that Parent will need to pay the Merger Consideration of $11.75 per share to be paid to the stockholders whose shares of Class A Common Stock will be converted into the right to receive cash in the Merger, less the amount of the cash investments by PH Investments and any New Investors provided that the amount provided by the Sponsor shall not exceed $606,305,000.  As of the filing of this Amendment, no New Investors have subscribed for any shares of Parent preferred stock.  The Reporting Persons and the Sponsor currently expect that all other costs, expenses and liabilities of Parent and Insight arising out of or relating to the transaction shall be paid by Insight from cash available to Insight immediately prior to the consummation of the Merger.

 

Item 4.  Purpose of Transaction

 

Item 4 is hereby amended to add the following at the end thereof:

 

Concurrently with the execution of the Merger Agreement, Insight, Parent, the Sponsor and the Original Reporting Persons entered into an Exchange Agreement.  As of November 10, 2005, the Reporting Persons, Insight, Parent, the Sponsor and Continuing Investor Holding Company, LLC (“Holdco”) entered into an Amended and Restated Exchange Agreement (the “Amended and Restated Exchange Agreement”) in connection with the Holdco Reporting Persons and the Rollover Investors becoming parties to the Exchange Agreement.  The Amended and Restated Exchange Agreement governs the exchange of Insight common stock by the Reporting Persons for a continuing investment in Insight and certain other matters related to the Merger, as described below.  The material provisions of the Amended and Restated Exchange Agreement are described below, and the complete Amended and Restated Exchange Agreement is incorporated herein by reference as Exhibit 7.03 to this Amendment.

 

49



 

The Amended and Restated Exchange Agreement requires that the following transactions be completed immediately before the closing of the Merger in the sequence set forth below:

 

                                          Issuance of New Preferred Stock.  Sidney Knafel, the Trusts and Michael Willner will each purchase from Insight shares of newly-issued Preferred Stock of Insight, par value $0.01 per share (the “Insight Preferred Stock”), at a price of $0.01 per share. Sidney Knafel will purchase 398,591 shares of Insight Preferred Stock, the Trusts will purchase 339,702 shares of Insight Preferred Stock and Michael Willner will purchase 110,652 shares of Insight Preferred Stock, for a total issuance of 848,945 shares of Insight Preferred Stock.  Pursuant to the certificate of designations for the Insight Preferred Stock, the holders of Insight Preferred Stock will vote together with the holders of Common Stock as a single class on all matters submitted to a vote of Insight’s stockholders, and each share of Insight Preferred Stock will entitle the holder to 90 votes per share on all matters submitted to a vote of Insight’s stockholders.  However, since the Insight Preferred Stock will not be outstanding on the record date for the Insight special meeting to be held in connection with the Merger, it will not be entitled to vote at the special meeting upon the Merger Agreement or the proposed amendment to Insight’s certificate of incorporation to make Section 5.6 thereof (which provides that holders of each class of Common Stock must receive equal per share payments upon a merger of Insight) inapplicable to the Merger and the transactions contemplated by the Merger Agreement, or any other business proposed at the special meeting.  The primary purpose of the Insight Preferred Stock is to facilitate Sidney Knafel’s and Michael Willner’s maintenance of voting control of the surviving corporation in the Merger through the exchange of such Insight Preferred Stock for Series A Voting Preferred Stock in the surviving corporation in connection with the Merger.

 

                                          Cash Investment by the Sponsor.  The Sponsor does not currently own any shares of Common Stock of Insight.  The Sponsor, which now owns, and will own immediately prior to the closing of the Merger, all of the issued and outstanding shares of Class B Preferred Stock of Parent, will make a cash contribution to Parent, as described in Item 3 above.  In consideration for the Sponsor’s cash contribution, Parent will issue to the Sponsor a number of shares of Class D Preferred Stock of Parent equal to the amount of the Sponsor’s cash contribution divided by $11.75, which shares will then, in the Merger, automatically be converted into a corresponding number of shares of Series D Non-Voting Preferred Stock of the surviving corporation.

 

                                          Conversion of Insight Class B Common Stock by Certain Continuing Investors.  Each Reporting Person that owns shares of Class B Common Stock will convert

 

50



 

all of its shares of Class B Common Stock into a corresponding number of shares of Class A Common Stock, pursuant to Section 5.4(a) of Insight’s certificate of incorporation.

 

                                          Exchange of Class A Common Stock by the Holdco Reporting Persons.  Holdco is a new Delaware limited liability company formed by Sidney Knafel and Michael Willner for the sole purpose of effecting the contribution of Class A Common Stock and related exchange with Parent on behalf of the Holdco Reporting Persons pursuant to the Amended and Restated Exchange Agreement and holding Series C Non-Voting Preferred Stock of the surviving corporation on behalf of the Holdco Reporting Persons following the Merger.  Holdco will not be engaged in any other business activities.  Holdco Reporting Persons will contribute to Holdco the number of their shares of Class A Common Stock specified on Exhibit A to the Amended and Restated Exchange Agreement.  In exchange for their contributions of shares of Class A Common Stock, the Holdco Reporting Persons will receive a corresponding number of Series C Non-Voting Units of Holdco.  In turn, following the Merger, Holdco will hold a corresponding number of shares of Series C Non-Voting Preferred Stock of the surviving corporation on behalf of the Holdco Reporting Persons.  The terms of the Series C Non-Voting Units of Holdco will, in general, operate so as to replicate the terms of the Series C Non-Voting Preferred Stock of the surviving corporation in all material substantive respects as if the Holdco Reporting Persons held the stock directly.

 

                                          Exchange of Insight Class A Common Stock by the Original Reporting Persons and the Rollover Investors.  Sidney Knafel, the Trusts, Andrew Knafel and James Marcus will contribute to Parent all of their shares of Class A Common Stock (after giving effect to the conversion of Class B Common Stock ), other than any shares of Class A Common Stock held in their respective 401(k) accounts.  The remaining Original Reporting Persons and the remaining Rollover Investors will contribute to Parent the number of their shares of Class A Common Stock, other than shares of Class A Common Stock held in their respective 401(k) accounts, specified on Exhibit A to the Amended and Restated Exchange Agreement.  Rollover Investors that hold shares of Class A Common Stock received in connection with Insight’s loan program exchange offer completed in May 2005 (“Loan Program Exchange Shares”) will contribute a portion that is no less than one-third of their Loan Program Exchange Shares to Parent.  In exchange for their contributions of shares of Class A Common Stock and Loan Program Exchange Shares, the Original Reporting Persons and the Rollover Investors will receive a corresponding number of shares of Class C Preferred Stock of Parent, which will then, in the Merger, automatically be

 

51



 

converted into a corresponding number of shares of Series C Non-Voting Preferred Stock of the surviving corporation.

 

                                          Exchange of Insight Class A Common Stock by Holdco.  Holdco will contribute to Parent all of the shares of Class A Common Stock contributed to Holdco by the Holdco Reporting Persons.  In exchange for its contribution of shares of Class A Common Stock, Holdco will receive a corresponding number of shares of Class C Preferred Stock of Parent, which will then, in the Merger, automatically be converted into a corresponding number of shares of Series C Non-Voting Preferred Stock of the surviving corporation.

 

The foregoing transactions are subject to the condition that Sidney Knafel, Michael Willner and Carlyle each determine, in his or its sole discretion, that all of the conditions to the consummation of the Merger set forth in the Merger Agreement have been satisfied or waived in accordance with the Merger Agreement.

 

The Amended and Restated Exchange Agreement provides that, prior to the closing under the Merger Agreement, except as provided in (i) the Amended and Restated Exchange Agreement, (ii) the Voting Agreement or (iii) the Merger Agreement, or as consented to by Carlyle, the Reporting Persons may not, directly or indirectly, sell or otherwise transfer, or enter into any agreement, option or other arrangement (including any profit sharing arrangement) with respect to the transfer of, any shares of Common Stock owned by them, grant proxies with respect to, deposit into a voting trust or enter into any voting arrangement with respect to such shares or convert any shares of Class B Common Stock into Class A Common Stock, or commit or agree to take any of the foregoing actions.  These restrictions mean that, except as specifically provided above, no Reporting Person may sell any shares of Class A Common Stock in the public market or otherwise while the Merger is pending.  These restrictions will automatically terminate if the Merger Agreement is terminated at any time prior to the consummation of the transactions contemplated by the Amended and Restated Exchange Agreement.

 

PH Investments does not own any shares of Common Stock.  Concurrently with the cash investment to be made by the Sponsor at the closing under the Amended and Restated Exchange Agreement, pursuant to a separate subscription agreement, PH Investments will make a cash contribution to Parent in the amount of $40,000,000.  In consideration for PH Investments’ cash contribution, Parent will issue to PH Investments a number of shares of Class C Preferred Stock of Parent equal to the amount of its cash contribution divided by $11.75, which shares will then, in the Merger, automatically be converted into a corresponding number of shares of Series C Non-Voting Preferred Stock of the surviving corporation.  PH Investments will receive an investment fee from the surviving corporation equal to $400,000 for its cash contribution.

 

52



 

As of November 14, 2005, Section 5.2 of the Principals' Agreement was amended to provide that, at or immediately following the effective time of the Merger, the surviving corporation will pay to the Sponsor a sponsor fee equal to 3% of the aggregate amount of all cash investments made prior to the closing of the Merger by persons subscribing for shares of Class C Preferred Stock or Class D Preferred Stock of Parent as mutually agreed by the Sponsor, Sidney Knafel and Michael Willner, less the amount of any sponsor or other investment fee paid by the surviving corporation with the consent of the Sponsor to any person other than the Sponsor in respect of its cash investment in shares of Class C Preferred Stock or Class D Preferred Stock of Parent.  The Reporting Persons expect that the sponsor fee paid to the Sponsor will be equal to approximately $17.4 million.  This amount is based on (i) a cash contribution to Parent by the Sponsor equal to approximately $552 million, which is the aggregate amount by which the cash that Parent expects it will need to pay the Merger Consideration exceeds the $40 million investment to be made by PH Investments; (ii) the $40 million investment to be made by PH Investments; and (iii) the investment fee of $400,000 to be paid by the surviving corporation to PH Investments.

 

The Merger requires the approval of Insight’s stockholders.  The Reporting Persons collectively beneficially own approximately 62.4% of the total outstanding votes of the Common Stock entitled to vote on the Merger as a single class.  Consummation of the Merger will also require (1) the affirmative vote of the holders of a majority of the outstanding shares of Class A Common Stock entitled to vote thereon not held by (a) Parent, the Reporting Persons (or any member of the immediate families thereof) or the Sponsor or any affiliates thereof, or (b) any officers or directors of Insight (or any member of the immediate families thereof); and (2) the satisfaction or waiver of certain customary conditions by each of Parent and Insight.

 

The foregoing should not be construed as an offer to purchase shares of Class A Common Stock.  Stockholders should read Insight’s amended preliminary proxy statement filed with the Commission on November 10, 2005, as well as Insight’s definitive proxy statement and other relevant documents regarding the Merger filed with the Commission when they become available, because they contain or will contain important information relevant to the decision to approve the Merger.  Stockholders are able to receive the amended preliminary proxy statement, as well as other documents filed by the Reporting Persons or Parent or its affiliates with respect to the Merger, free of charge at the Commission’s web site, www.sec.gov.

 

53



 

Item 5.  Interest in Securities of the Issuer

 

Item 5 is hereby amended and restated in its entirety to read as follows:

 

(a)  See Items 7 and 9 of the cover pages to this Amendment, which Items are incorporated herein by reference, for the aggregate number of shares and percentage of Class A Common Stock owned by each of the Reporting Persons.

 

(b)  See Items 8 and 10 of the cover pages to this Amendment, which Items are incorporated herein by reference, for the aggregate number of shares of Class A Common Stock beneficially owned by each of the Reporting Persons as to which there is shared power to vote or direct the vote or shared power to dispose or to direct the disposition of such shares of Class A Common Stock.

 

The percentage of the Class A Common Stock set forth for each Reporting Person in this Item 5 was calculated based upon (i) 51,841,390 shares of Class A Common Stock outstanding as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005; (ii) the number of shares of Class A Common Stock issuable upon the conversion of the Class B Common Stock, if any, beneficially owned by such Reporting Person; and (iii) the number of shares of Class A Common Stock issuable upon the exercise of options to purchase Class A Common Stock held by such Reporting Person that are exercisable within 60 days, if any.  The percentage of the total outstanding votes of the Common Stock as a single class set forth for each Reporting Person in this Item 5 was calculated based on the outstanding shares of Class A Common Stock set forth in clause (i) above and 8,489,454 shares of Class B Common Stock outstanding as of as of October 31, 2005, as stated on the facing page of Insight’s Form 10-Q for the quarter ended September 30, 2005.  Holders of Class A Common Stock are entitled to one vote per share, and holders of Class B Common Stock are entitled to ten votes per share.

 

Except as otherwise provided in this Item 5, each of the Reporting Persons has the sole power to vote or to direct the vote, and the sole power to dispose or to direct the disposition of, the shares of Class A Common Stock deemed to be beneficially owned by them.

 

(c)  The following Reporting Persons have effected transactions in the Class A Common Stock during the past sixty days:

 

Reporting Person

 

Transaction
Type

 

Date

 

Number of
Shares

 

Price per
Share

 

Market

 

Victoria Hamilton

 

Gift

 

October 30, 2005

 

1,000

 

$

11.60

 

None

 

 

 

Gift

 

October 31, 2005

 

1,498

 

$

11.60

 

None

 

Thomas G. Scherlis

 

Sale

 

September 30, 2005

 

500

 

$

8.61

 

Open Market

 

Sophia G. Scherlis

 

Sale

 

September 30, 2005

 

500

 

$

8.61

 

Open Market

 

William L. Scherlis

 

Sale

 

September 30, 2005

 

500

 

$

8.61

 

Open Market

 

 

54



 

(d)  No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Class A Common Stock referred to in paragraphs (a) and (b) above.

 

(e)  Not applicable.

 

Item 6.  Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

 

Item 6 is hereby amended to add the following at the end thereof:

 

The description of the material terms of the Amended and Restated Exchange Agreement and the PH Investments Subscription Agreement are incorporated herein by this reference.

 

The Reporting Persons have also entered into a Joint Filing Agreement dated as of November 10, 2005 (the “Joint Filing Agreement”), a copy of which is filed as Exhibit 7.01 with this Amendment.

 

Item 7.  Material to be Filed as Exhibits

 

Exhibit 7.01                                    Joint Filing Agreement, dated as of November 10, 2005.

 

Exhibit 7.02                                    Agreement and Plan of Merger, dated as of July 28, 2005, by and between Parent and Insight (incorporated by reference to Exhibit 7.02 to Amendment No. 1 to Schedule 13D).

 

Exhibit 7.03                                    Amended and Restated Exchange Agreement, dated as of November 10, 2005, by and among Parent, Insight, Sidney R. Knafel, Michael S. Willner, Carlyle Partners III Telecommunications, L.P., Carlyle Partners IV Telecommunications, L.P., CP III Coinvestment, L.P. and CP IV Coinvestment, L.P. and the Reporting Persons (incorporated by reference to Exhibit (d)(2) to Amendment No. 3 to Schedule 13E-3 filed by Parent, Insight and certain others with the Commission on November 10, 2005).

 

Exhibit 7.04                                    Form of Amended and Restated Certificate of Incorporation of Insight (incorporated by reference to Exhibit 7.04 to Amendment No. 1 to Schedule 13D).

 

Exhibit 7.05                                    Principals’ Agreement, dated as of July 28, 2005, by and among Sidney R. Knafel, Michael S. Willner, Carlyle Partners III Telecommunications, L.P., Carlyle Partners IV

 

55



 

Telecommunications, L.P., CP III Coinvestment, L.P. and CP IV Coinvestment, L.P. (incorporated by reference to Exhibit 7.05 to Amendment No. 1 to Schedule 13D).

 

Exhibit 7.06                                    First Amendment to Principals’ Agreement, dated as of November 14, 2005, by and among Sidney R. Knafel, Michael S. Willner, Carlyle Partners III Telecommunications, L.P., Carlyle Partners IV Telecommunications, L.P., CP III Coinvestment, L.P. and CP IV Coinvestment, L.P.

 

Exhibit 7.07                                    Voting Agreement, dated as of July 28, 2005, by and between Parent and the Insight stockholders named therein (incorporated by reference to Exhibit 7.06 to Amendment No. 1 to Schedule 13D).

 

Exhibit 7.08                                    Subscription Agreement, dated as of November 14, 2005, by and among PH Investments, LLC, Insight, Parent, Sidney R. Knafel, Michael S. Willner, Carlyle Partners III Telecommunications, L.P., Carlyle Partners IV Telecommunications, L.P., CP III Coinvestment, L.P. and CP IV Coinvestment, L.P.

 

56



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

October 24, 2005

 

By:

/s/ Sidney R. Knafel

 

Date

 

 

Sidney R. Knafel

 

57



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

October 17, 2005

 

By:

/s/ Andrew G. Knafel 

 

Date

 

 

Andrew G. Knafel, as Trustee under

 

 

Trust F/B/O Andrew G. Knafel dated September 13, 1978,

 

 

Trust F/B/O Douglas R. Knafel dated September 13, 1978,

 

 

Trust F/B/O Andrew G. & Douglas R. Knafel dated July 16,
1976,

 

 

Trust F/B/O Douglas R. Knafel dated November 6, 1983

 

October 17, 2005

 

By:

/s/ Andrew G. Knafel 

 

Date

 

 

Andrew G. Knafel

 

58



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

October 31, 2005

 

By:

/s/ Michael S. Willner

 

Date

 

 

Michael S. Willner

 

59



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 14 , 2005

 

By:

/s/ James S. Marcus

 

Date

 

 

James S. Marcus

 

60



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 14 , 2005

 

By:

/s/ Thomas L. Kempner

 

Date

 

 

Thomas L. Kempner

 

61



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 4 , 2005

 

By:

/s/ John Abbot

 

Date

 

 

John Abbot

 

62



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

October 27, 2005

 

By:

/s/ Elliot Brecher

 

Date

 

 

Elliot Brecher

 

63



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 14, 2005

 

By:

/s/ Pamela Euler Halling

 

Date

 

 

Pamela Euler Halling

 

64



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 14, 2005

 

By:

/s/ Mary Rhodes

 

Date

 

 

Mary Rhodes

 

65



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 14, 2005

 

By:

/s/ Elizabeth Grier

 

Date

 

 

Elizabeth Grier

 

66



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 14, 2005

 

By:

/s/ Charles E. Dietz

 

Date

 

 

Charles E. Dietz

 

67



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 14, 2005

 

By:

/s/ Daniel Mannino

 

Date

 

 

Daniel Mannino

 

68



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

October 31, 2005

 

By:

/s/ Heather Wright

 

Date

 

 

Heather Wright

 

69



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

October 27, 2005

 

By:

/s/ Gregory B. Graff

 

Date

 

 

Gregory B. Graff

 

70



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 5, 2005

 

By:

/s/ John W. Hutton

 

Date

 

 

John W. Hutton

 

71



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

October 31, 2005

 

By:

/s/ James D. Morgan

 

Date

 

 

James D. Morgan

 

72



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

October 31, 2005

 

By:

/s/ Walter Kelley

 

Date

 

 

Walter Kelly

 

73



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

October 30, 2005

 

By:

/s/ Dan McComas

 

Date

 

 

Dan McComas

 

74



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

October 27, 2005

 

By:

/s/ Nancy Askin

 

Date

 

 

Nancy Askin

 

75



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

October 22, 2005

 

By:

/s/ Helen-Mae Askin

 

Date

 

 

Helen-Mae Askin

 

76



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

October 22, 2005

 

By:

/s/ Seymour R. Askin, Jr.

 

Date

 

 

Seymour R. Askin, Jr.

 

77



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

October 18, 2005

 

By:

/s/ Mara R. Bannard

 

Date

 

 

Mara R. Bannard

 

78



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

October 18, 2005

 

By:

/s/ Ann Bernhard

 

Date

 

 

Ann Bernhard

 

79



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

October 25, 2005

 

By:

/s/ Gerold Bezzenberger

 

Date

 

 

Gerold Bezzenberger

 

80



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 14, 2005

 

By:

/s/ Victoria Hamilton

 

Date

 

 

Victoria Hamilton

 

81



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

October 24, 2005

 

By:

/s/ K. David Isaacs

 

Date

 

 

K. David Isaacs

 

82



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

 

 

Kaufman Family Interests L.P.

 

 

 

 

 

 

November 14, 2005

 

By:

/s/ Robert E. Kaufman

 

Date

 

 

Name: Robert E. Kaufman

 

 

 

Title: President

 

83



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

October 26, 2005

 

By:

/s/ Mercedes Kaufman

 

Date

 

 

Mercedes Kaufman, as trustee

 

 

 

under Betty K. Weinberger Trust

 

84



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 2, 2005

 

By:

/s/ Jeffrey A. Kaufman

 

Date

 

 

Jeffrey A. Kaufman

 

85



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 14, 2005

 

By:

/s/ Jonathan A. Kaufman

 

Date

 

 

Jonathan A. Kaufman

 

86



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 14, 2005

 

By:

/s/ Michael Coleman Kempner

 

Date

 

 

Michael Coleman Kempner

 

87



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

October 20, 2005

 

By:

/s/ Doris Kempner

 

Date

 

 

Doris Kempner

 

88



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

October 3, 2005

 

By:

/s/ Alan H. Kempner III

 

Date

 

 

Alan H. Kempner III

 

89



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 7, 2005

 

By:

/s/ Mary L. Umlauf

 

Date

 

 

Mary L. Umlauf, as trustee under the
Kathryn Kempner Poteat Trust U/A 5/19/64

 

90



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 14, 2005

 

By:

/s/ Judith M. Bishop

 

Date

 

 

Judith M. Bishop, as trustee under the
Carl Loeb Kempner, Jr. Trust U/A 5/19/64

 

91



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 14, 2005

 

By:

/s/ Michael Ward

 

Date

 

 

Michael Ward, as trustee under the
Michael Coleman Kempner Trust U/A 5/19/64

 

92



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 14, 2005

 

By:

/s/ John S. Scherlis

 

Date

 

 

John S. Scherlis

 

93



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

October 20, 2005

 

By:

/s/ Leonard Scherlis

 

Date

 

 

Leonard Scherlis

 

 

 

 

 

 

 

 

 

 

By:

/s/ Barbara Scherlis

 

 

 

 

Barbara Scherlis

 

94



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 14, 2005

 

By:

/s/ Lillian C. Scherlis

 

Date

 

 

Lillian C. Scherlis

 

95



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 14, 2005

 

By:

/s/ Sophia G. Scherlis

 

Date

 

 

Sophia G. Scherlis

 

96



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 14, 2005

 

By:

/s/ Thomas G. Scherlis

 

Date

 

 

Thomas G. Scherlis

 

97



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 14, 2005

 

By:

/s/ William L. Scherlis

 

Date

 

 

William L. Scherlis

 

98



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

October 28, 2005

 

By:

/s/ Marc Nathanson

 

Date

 

 

Marc Nathanson

 

99



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 14, 2005

 

By:

/s/ Bruce Levy

 

Date

 

 

Bruce Levy

 

100



 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

November 14, 2005

 

By:

/s/ Arthur Shulman

 

Date

 

 

Arthur Shulman

 

101



 

Appendix A
Reporting Persons

 

Name

 

Business Address

 

Principal Occupation

 

Employed

Sidney R. Knafel*

 

SRK Management Co.
810 7th Avenue
New York, New York
10019

 

Managing Partner
SRK Management Co.

 

SRK Management Co.
810 7th Avenue
New York, New York
10019

Andrew G. Knafel,
Joshua Rubenstein and
William L. Scherlis, as
trustees under Trusts
F/B/O Knafel children

 

c/o Insight
Communications
Company, Inc.
810 7th Avenue
New York, New York
10019

 

N/A

 

N/A

Michael S. Willner*

 

Insight Communications
Company, Inc.
810 7th Avenue
New York, New York
10019

 

Vice Chairman, President
and Chief Executive
Officer, Insight
Communications
Company, Inc.

 

Insight Communications
Company, Inc.
810 7th Avenue
New York, New York
10019

James S. Marcus*

 

c/o Insight
Communications
Company, Inc.
810 7th Avenue
New York, New York
10019

 

Retired

 

N/A

Thomas L. Kempner*

 

Loeb Partners
Corporation
61 Broadway
New York, New York
10006

 

Chairman and Chief
Executive Officer,
Loeb Partners
Corporation

 

Loeb Partners
Corporation
61 Broadway
New York, New York
10006

Andrew G. Knafel

 

Clear Brook Farm
123 Dexter Road
Shaftsbury, Vermont
05262

 

Farmer

 

Clear Brook Farm
123 Dexter Road
Shaftsbury, Vermont
05262

John Abbot

 

c/o Insight
Communications
Company, Inc.
810 7th Avenue
New York, New York
10019

 

Senior Vice President,
and Chief Financial
Officer, Insight
Communications
Company, Inc.

 

Insight Communications
Company, Inc.
810 7th Avenue
New York, New York
10019

Elliot Brecher

 

c/o Insight
Communications
Company, Inc.
810 7th Avenue
New York, New York
10019

 

Senior Vice President,
General Counsel and
Secretary, Insight
Communications
Company, Inc.

 

Insight Communications
Company, Inc.
810 7th Avenue
New York, New York
10019

 



 

Pamela Euler Halling

 

c/o Insight
Communications
Company, Inc.
810 7th Avenue
New York, New York
10019

 

Senior Vice President,
Marketing and
Programming, Insight
Communications
Company, Inc.

 

Insight Communications
Company, Inc.
810 7th Avenue
New York, New York
10019

Mary Rhodes

 

c/o Insight
Communications
Company, Inc.
810 7th Avenue
New York, New York
10019

 

Senior Vice President,
Training, Insight
Communications
Company, Inc.

 

Insight Communications
Company, Inc.
810 7th Avenue
New York, New York
10019

Elizabeth Grier

 

c/o Insight
Communications Company, Inc.
810 7th Avenue
New York, New York
10019

 

Vice President,
Administration, Insight
Communications
Company, Inc.

 

Insight Communications Company, Inc.
810 7th Avenue
New York, New York
10019

Charles E. Dietz

 

c/o Insight
Communications
Company, Inc.
810 7th Avenue
New York, New York
10019

 

Senior Vice President and
Chief Technology
Officer, Insight
Communications
Company, Inc.

 

Insight Communications Company, Inc.
810 7th Avenue
New York, New York
10019

Daniel Mannino

 

c/o Insight
Communications Company, Inc.
810 7th Avenue
New York, New York
10019

 

Senior Vice President and
Controller, Insight
Communications
Company, Inc.

 

Insight Communications Company, Inc.
810 7th Avenue
New York, New York
10019

Heather Wright

 

c/o Insight
Communications Company, Inc.
810 7th Avenue
New York, New York
10019

 

Vice President, Consumer
Marketing and Brand
Strategy, Insight
Communications
Company, Inc.

 

Insight Communications Company, Inc.
810 7th Avenue
New York, New York
10019

Gregory B. Graff

 

c/o Insight
Communications
Company, Inc.
810 7th Avenue
New York, New York
10019

 

Senior Vice President,
Video Services, Insight
Communications
Company, Inc.

 

Insight Communications Company, Inc.
810 7th Avenue
New York, New York
10019

John W. Hutton

 

c/o Insight
Communications
Company, Inc.
810 7th Avenue
New York, New York
10019

 

Senior Vice President,
Operations, East Region,
Insight Communications
Company, Inc.

 

Insight Communications
Company, Inc.
810 7th Avenue
New York, New York
10019

James D. Morgan

 

c/o Insight
Communications Company, Inc.
810 7th Avenue
New York, New York
10019

 

Senior Vice President,
Human Resources,
Insight Communications
Company, Inc.

 

Insight Communications
Company, Inc.
810 7th Avenue
New York, New York
10019

 



 

Walter Kelly

 

c/o Insight
Communications
Company, Inc.
810 7th Avenue
New York, New York
10019

 

Vice President, Billing
Services, Insight
Communications
Company, Inc.

 

Insight Communications
Company, Inc.
810 7th Avenue
New York, New York
10019

Dan McComas

 

c/o Insight
Communications
Company, Inc.
810 7th Avenue
New York, New York
10019

 

Vice President,
Engineering, East Region,
Insight Communications
Company, Inc.

 

Insight Communications
Company, Inc.
810 7th Avenue
New York, New York
10019

Nancy Askin

 

40 Harvard Road #2
Shirley, MA 01464

 

Landscape Design and
Maintenance

 

Self-Employed

Helen-Mae Askin

 

26 Mayfair Lane
Greenwich, CT 06830

 

Not Employed

 

N/A

Seymour R. Askin, Jr.

 

26 Mayfair Lane
Greenwich, CT 06830

 

Retired

 

N/A

Mara R. Bannard

 

SRK Management Co.
810 7th Avenue
New York, New York
10019

 

Office Manager of Insight
Communications
Company, Inc.
Officer Manager of SRK
Management Co.

 

SRK Management Co.
(See Address)
Insight Communications
Company, Inc.

Ann Bernhard

 

Loeb Partners
Corporation
61 Broadway, 24th Fl.
New York, New York
10006

 

Assistant to the Chairman
and CEO and Vice
President of Research at
Loeb Partners
Corporation

 

Loeb Partners
Corporation
61 Broadway, 24th Fl.
New York, New York
10006

Gerold Bezzenberger

 

Ludwigkirchstrasse 1
10719 Berlin
Gremany

 

Attorney

 

Self-Employed

Victoria Hamilton

 

136 East 64th Street
New York, NY 10021

 

Director

 

The Washington
Advisory Group, an
LECG Company
1275 K Street, NW
Suite 1025
Washington, DC 20005

K. David Isaacs

 

SRK Management Co.
810 7th Avenue
New York, New York
10019

 

Certified Public
Accountant

 

SRK Management Co.
810 7th Avenue
New York, New York
10019

Kaufman Family Interests

 

c/o Robert E. Kaufman
450 S.E. 5th Avenue
#701
Boca Raton, FL 33432

 

N/A

 

N/A

Mercedes Kaufman, as trustee under Betty K. Weinberger Trust

 

c/o Robert E. Kaufman
450 S.E. 5th Avenue
#701
Boca Raton, FL 33432

 

N/A

 

N/A

Robert E. Kaufman

 

450 S.E. 5th Avenue
#701
Boca Raton, FL 33432

 

President

 

Kaufman Family
Interests, L.P.
450 S.E. 5th Avenue
#701
Boca Raton, FL 33432

Jeffrey A. Kaufman

 

60 Savoy Road
Needham, MA 02492

 

Managing Director,
Senior Portfolio Manager

 

Putnam Investments
One Post Office Square
Boston, MA 02109

 



 

Jonathan A. Kaufman

 

1725 Osprey Bend
Weston, FL 33327

 

President

 

Nature Expeditions
International, Inc.
7860 Peters Road, Suite
F-103
Plantation FL, 33324

Michael Kempner

 

116 East 68th Street
Apt. 7A
New York, NY 10021

 

General Partner of KS
Capital Partners, L.P.

 

KS Capital Partners, L.P.
11 West 42nd Street
(Apt. 7/8A)
New York, NY 10021

Doris Kempner

 

20 The Crossing
Purchase, NY 10577

 

Social Worker

 

Westchester Jewish
Community Services
845 North Broadway
Suite 2
White Plains, NY 10603

Alan H. Kempner III

 

7415 East Lincoln Drive
Scottsdale, AZ 85250

 

Realtor

 

Self-Employed

John S. Scherlis

 

2853 Ontario Rd, NW
#305
Washington, D.C. 20009

 

Consulting Conservation
Biologist

 

Self-Employed

Leonard and Barbara Scherlis

 

3908 North Charles Street
Apt. 900
Baltimore, MD 21218

 

Consultant

 

Self-Employed

Lillian C. Scherlis

 

c/o Dr. William L.
Scherlis
5854 Aylesboro Avenue
Pittsburgh, PA 15217

 

Minor Child

 

N/A

Sophia G. Scherlis

 

c/o Dr. William L.
Scherlis
5854 Aylesboro Avenue
Pittsburgh, PA 15217

 

Minor Child

 

N/A

Thomas G. Scherlis

 

c/o Dr. William L.
Scherlis
5854 Aylesboro Avenue
Pittsburgh, PA 15217

 

Minor Child

 

N/A

William L. Scherlis

 

5854 Aylesboro Avenue
Pittsburgh, PA 15217

 

Professor and Department
Head

 

Carnegie Mellon
University
5000 Forbes Avenue
Pittsburgh, PA 15213

Marc Nathanson

 

Mapleton Investments
10900 Wilshire Blvd.,
Suite 1500
Los Angeles, CA 90024

 

Trustee for the Falcon
Cable Trust

 

Falcon Cable Trust
c/o Mapleton Investments
10900 Wilshire Blvd.,
Suite 1500
Los Angeles, CA 90024

Bruce Levy

 

M. Block & Sons, Inc.
520 W. 73rd St.
Bedford Park, IL 60638

 

Chief Executive Officer

 

M. Block & Sons, Inc.
520 W. 73rd St.
Bedford Park, IL 60638

Arthur Shulman

 

11 Lakewood Circle
North
Greenwich, CT 06830

 

Investor

 

 

 


*  Director of Insight Communications Company, Inc.

 



EX-7.1 2 a2165191zex-7_1.htm EXHIBIT 7.1

Exhibit 7.01

 

JOINT FILING AGREEMENT

 

The undersigned acknowledge and agree that the foregoing Amendment No. 2 to Statement on Schedule 13D is filed on behalf of each of the undersigned and that all subsequent amendments to this Amendment No. 2 to Statement on Schedule 13D shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements.  The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning any other, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

 

This Agreement may be executed in any number of counterparts, each of which, when so executed and delivered, shall be an original, and all of which counterparts together shall constitute one and the same fully executed instrument.

 

IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing Agreement as of this 10th day of November, 2005.

 

[Signatures Follow]

 



 

 

 

/s/ Sidney R. Knafel

 

 

Sidney R. Knafel

 

 

 

 

 

/s/ Andrew G. Knafel

 

 

Andrew G. Knafel

 

 

 

 

 

/s/ Andrew G. Knafel, as Trustee

 

 

Andrew G. Knafel, as Trustee under

 

 

Trust F/B/O Andrew G. Knafel dated September 13, 1978

 

Trust F/B/O Douglas R. Knafel dated September 13,
1978

 

Trust F/B/O Andrew G. & Douglas R. Knafel
dated July 16, 1976

 

Trust F/B/O Douglas R. Knafel dated November 6, 1983

 

 

 

 

/s/ Michael S. Willner

 

 

Michael S. Willner

 

 

 

 

 

/s/ James S. Marcus

 

 

James S. Marcus

 

 

 

 

 

/s/ Thomas L. Kempner

 

 

Thomas L. Kempner

 

 

 

 

 

/s/ Michael Kempner

 

 

Michael Kempner

 

 

 

 

 

/s/ Doris Kempner

 

 

Doris Kempner

 

 

 

 

 

/s/ Alan H. Kempner III

 

 

Alan H. Kempner III

 

 

 

 

 

/s/ John Abbot

 

 

John Abbot

 

 

 

 

 

/s/ Elliot Brecher

 

 

Elliot Brecher

 

 

 

 

 

/s/ Pamela Euler Halling

 

 

Pamela Euler Halling

 

 



 

 

 

/s/ Mary Rhodes

 

 

Mary Rhodes

 

 

 

 

 

/s/ Elizabeth Grier

 

 

Elizabeth Grier

 

 

 

 

 

/s/ Charles E. Dietz

 

 

Charles E. Dietz

 

 

 

 

 

/s/ Daniel Mannino

 

 

Daniel Mannino

 

 

 

 

 

/s/ Heather Wright

 

 

Heather Wright

 

 

 

 

 

/s/ Nancy Askin

 

 

Nancy Askin

 

 

 

 

 

/s/ Helen-Mae Askin

 

 

Helen-Mae Askin

 

 

 

 

 

/s/ Seymour R. Askin, Jr.

 

 

Seymour R. Askin, Jr.

 

 

 

 

 

/s/ Mara R. Bannard

 

 

Mara R. Bannard

 

 

 

 

 

/s/ Ann Bernhard

 

 

Ann Bernhard

 

 

 

 

 

/s/ Gerold Bezzenberger

 

 

Gerold Bezzenberger

 

 

 

 

 

/s/ Victoria Hamilton

 

 

Victoria Hamilton

 

 

 

 

 

/s/ K. David Isaacs

 

 

K. David Isaacs

 

 

 

 

 

Kaufman Family Interests LP

 

 

 

 

 

By:

/s/ Robert E. Kaufman

 

 

Name:

Robert E. Kaufman

 

 

Title:

President

 

 



 

 

/s/ Mercedes Kaufman, as Trustee

 

 

Mercedes Kaufman, as Trustee under
Betty K. Weisberger Trust

 

 

 

 

 

/s/ Jeffrey A. Kaufman

 

 

Jeffrey A. Kaufman

 

 

 

 

 

/s/ Jonathan A. Kaufman

 

 

Jonathan A. Kaufman

 

 

 

 

 

/s/ John S. Scherlis

 

 

John S. Scherlis

 

 

 

 

 

/s/ Leonard Scherlis

 

 

Leonard Scherlis

 

 

 

 

 

 

 

 

/s/ Barbara Scherlis

 

 

Barbara Scherlis

 

 

 

 

 

/s/ Lillian C. Scherlis

 

 

Lillian C. Scherlis

 

 

 

 

 

/s/ Sophia G. Scherlis

 

 

Sophia G. Scherlis

 

 

 

 

 

/s/ Thomas G. Scherlis

 

 

Thomas G. Scherlis

 

 

 

 

 

/s/ William L. Scherlis

 

 

William L. Scherlis

 

 

 

 

 

/s/ Gregory B. Graff

 

 

Gregory B. Graff

 

 

 

 

 

/s/ John W. Hutton

 

 

John W. Hutton

 

 

 

 

 

/s/ James D. Morgan

 

 

James D. Morgan

 

 

 

 

 

/s/ Walter Kelly

 

 

Walter Kelly

 

 

 

 

 

/s/ Dan McComas

 

 

Dan McComas

 

 



 

 

/s/ Michael Ward, as Trustee

 

 

Michael Ward, as trustee under the Michael Coleman
Kempner Trust U/A 5/19/64

 

 

 

 

/s/ Mary L. Umlauf, as Trustee

 

 

Mary L. Umlauf, as trustee under the Kathryn Kempner
Poteat Trust U/A 5/19/64

 

 

 

 

/s/ Judith M. Bishop, as Trustee

 

 

Judith M. Bishop, as trustee under the Carl Loeb
Kempner, Jr. Trust U/A 5/19/64

 

 

 

 

/s/ Marc Nathanson

 

 

Marc Nathanson

 

 

 

 

 

/s/ Arthur Shulman

 

 

Arthur Shulman

 

 

 

 

 

/s/ Bruce Levy

 

 

Bruce Levy

 

 



EX-7.6 3 a2165191zex-7_6.htm EXHIBIT 7.6

Exhibit 7.06

 

FIRST AMENDMENT TO PRINCIPALS’ AGREEMENT

 

This FIRST AMENDMENT TO PRINCIPALS’ AGREEMENT (this “Amendment”) is made and entered into as of November 14, 2005, by and among SIDNEY R. KNAFEL (“Knafel”), MICHAEL S. WILLNER (“Willner”), and CARLYLE PARTNERS III TELECOMMUNICATIONS, L.P., CARLYLE PARTNERS IV TELECOMMUNICATIONS, L.P., CP III COINVESTMENT, L.P. and CP IV COINVESTMENT, L.P., each a Delaware limited partnership (each, individually, and collectively, “Carlyle”) (Knafel, Willner and Carlyle are each sometimes referred to herein individually as a “Party” and collectively as the “Parties”).  Capitalized terms used but not defined in this Amendment shall have the meanings set forth for them in the Principals’ Agreement, dated as of July 28, 2005 (the “Principals’ Agreement”), by and among the Parties.

 

In consideration of the mutual agreements and covenants set forth herein and in the Principals’ Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

 

1.  Amendment.  Section 5.2 of the Principals’ Agreement is amended by striking the first sentence thereof and inserting in lieu of such sentence the following:

 

“At or immediately following the Effective Time, the Parties shall cause the Surviving Corporation to pay to Carlyle its sponsor fee equal to 3% of the aggregate amount of all cash investments made at the Exchange Closing by Persons subscribing for shares of Class C Preferred Stock or Class D Preferred Stock of Parent as mutually agreed to by Carlyle, Knafel and Willner, less the amount of any sponsor or other investment fee paid by the Surviving Corporation with the consent of Carlyle to any Person other than Carlyle in respect of its cash investment in shares of Class C Preferred Stock or Class D Preferred Stock.”

 

2.  Effective Date; Effectiveness of Other Terms.  This Amendment is effective as of the date first set forth above.  Except as expressly amended by this Amendment, the Principals’ Agreement remains in full force and effect without modification.

 

3.  Miscellaneous.  Sections 12.4-12.6, 12.8 and 12.10-12.11 of the Principals’ Agreement are incorporated herein by reference and apply to this Amendment, mutatis mutandis.

 

[Signature Page Follows.]

 



 

IN WITNESS WHEREOF, the Parties have executed this Amendment as of the date first written above.

 

 

 

/s/ Sidney R. Knafel

 

 

SIDNEY R. KNAFEL

 

 

 

 

 

/s/ Michael S. Willner

 

 

MICHAEL S. WILLNER

 

 

 

 

 

CARLYLE PARTNERS III
TELECOMMUNICATIONS, L.P.

 

By:

TC Group III, L.P., its General Partner

 

By:

TC Group III, L.L.C., its General Partner

 

By:

TC Group, L.L.C., its Managing Member

 

 

 

 

By:

/s/ William E. Kennard

 

 

 

Name:

William E. Kennard

 

 

Title:

Managing Director

 

 

 

 

 

 

 

CP III COINVESTMENT, L.P.

 

By:

TC Group III, L.P., its General Partner

 

By:

TC Group III, L.L.C., its General Partner

 

By:

TC Group, L.L.C., its Managing Member

 

By:

TCG Holdings, L.L.C., its Managing
Member

 

 

 

 

By:

/s/ William E. Kennard

 

 

 

Name:

William E. Kennard

 

 

Title:

Managing Director

 

 

 

 

 

 

 

 

 

CARLYLE PARTNERS IV
TELECOMMUNICATIONS, L.P.

 

By:

TC Group IV, L.P., its General Partner

 

By:

TC Group IV, L.L.C., its General Partner

 

By:

TC Group, L.L.C., its Managing Member

 

 

 

 

 

 

 

 

 

By:

/s/ William E. Kennard

 

 

 

Name:

William E. Kennard

 

 

Title:

Managing Director

 



 

 

CP IV COINVESTMENT, L.P.

 

By:

TC Group IV, L.P., its General Partner

 

By:

TC Group IV, L.L.C., its General Partner

 

By:

TC Group, L.L.C., its Managing Member

 

By:

TCG Holdings, L.L.C., its Managing
Member

 

 

 

 

By:

/s/ William E. Kennard

 

 

 

Name:

William E. Kennard

 

 

Title:

Managing Director

 



EX-7.08 4 a2165191zex-7_08.htm EXHIBIT 7.08

Exhibit 7.08

 

November 14, 2005

 

 

Mr. Amos B. Hostetter, Jr.
PH Investments, LLC
Lewis Wharf
Boston, MA 02110

 

Dear Amos:

 

As we have discussed previously, I and the other individuals and entities that will own shares of Series A Voting Preferred Stock of Insight Communications Company, Inc. (“Insight”), as the Surviving Corporation, following the Merger would like you (“Hostetter”) to serve as one of our nominees as an independent director on the Surviving Corporation’s board of directors.  You also have expressed to me an interest in making an investment in the Surviving Corporation in the amount of $40,000,000, which investment will be made through PH Investments, LLC, a Delaware limited liability company (“PHI”), and effected through an initial investment by PHI in shares of Class C Preferred Stock, par value $0.01 per share (the “Class C Preferred Stock”), of Insight Acquisition Corp., a Delaware corporation (“Acquisition”), followed by the conversion of those shares in the Merger into shares of Series C Non-Voting Preferred Stock (as defined in the Merger Agreement) of the Surviving Corporation.  To effectuate PHI’s investment in the Class C Preferred Stock, PHI and the other parties hereto agree as follows:

 

1.             Definitions.  Capitalized terms used but not defined in this letter agreement shall have the meanings set forth for them in the Amended and Restated Exchange Agreement, dated as of November 10, 2005 (the “Exchange Agreement”), by and among Insight, Acquisition, Sidney R. Knafel (“Knafel”), Michael S. Willner (“Willner”), the other Insight stockholders party thereto, Continuing Investor Holding Company, LLC, a Delaware limited liability company, and Carlyle Partners III Telecommunications, L.P., Carlyle Partners IV Telecommunications, L.P., C.P. III Coinvestment, L.P. and CP IV Coinvestment, L.P., each a Delaware limited partnership (collectively, “Carlyle”).  The signatories to this letter agreement are sometimes referred to herein, individually, as a “party” and, collectively, as the “parties” to this letter agreement.

2.             Cash Investment by PHI.  PHI shall make a cash contribution to Acquisition of Forty Million Dollars ($40,000,000.00).  In consideration for the foregoing contribution, Acquisition shall issue to PHI, and PHI shall receive, a number of validly issued, fully paid and non-assessable shares of Class C Preferred Stock, having the voting powers, designations, preferences, rights and other terms prescribed in the certificate of incorporation of Acquisition substantially in the form attached hereto as Exhibit A (the “Acquisition Charter”), equal to the amount of such cash contribution divided by $11.75.

 



 

3.             Closing; Closing Deliveries.

3.1           Closing.  The closing of the transactions contemplated in Section 2 hereof shall be held at the place and time of the Exchange Closing, which time shall be immediately prior to the time of the Closing under the Merger Agreement.  The obligation of PHI to make the cash contribution under Section 2 hereof is not subject to any condition other than the occurrence of the Exchange Closing.

3.2           Closing Deliveries.  At the Exchange Closing, concurrently with the cash contribution to be made by Carlyle pursuant to Section 1.2 of the Exchange Agreement,  (a) PHI shall deliver to Acquisition the cash payment required by Section 2 hereof by wire transfer of immediately available funds; and (b) Acquisition shall deliver to PHI a duly executed certificate or certificates registered in the name of PHI representing the aggregate number of shares of Class C Preferred Stock to be issued to PHI pursuant to Section 2 hereof.

4.             Representations and Warranties.

4.1           Representations and Warranties of Acquisition.  Acquisition represents and warrants to PHI as follows:

(a)           Acquisition has all requisite corporate power and authority to enter into this letter agreement and to consummate the transactions contemplated hereby.  The execution and delivery of this letter agreement by Acquisition, and the consummation of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on the part of Acquisition.  This letter agreement has been duly executed and delivered by Acquisition and constitutes a valid and binding obligation of Acquisition enforceable in accordance with its terms.  Neither the execution and delivery of this letter agreement, nor the consummation of the transactions contemplated hereby nor compliance with the terms hereof will violate, conflict with or result in a breach of, or constitute a default (with or without notice or lapse of time or both) under any provision of, the certificate of incorporation or bylaws of Acquisition, or any trust agreement, loan or credit agreement, note, bond, mortgage, indenture, lease or other agreement, instrument, permit, concession, franchise, license, judgment, order, notice, decree, statute, law, ordinance, rule or regulation applicable to Acquisition or to its property or assets.

(b)           (i) As of immediately prior to the Exchange Closing, the authorized capital stock of Acquisition shall consist only of 10,000,000 shares of Class B Preferred Stock, par value $0.01 per share, of Acquisition (the “Class B Preferred Stock”), having the voting powers, designations, preferences, rights and other terms prescribed in the Acquisition Charter, 15,000,000 shares of Class C Preferred Stock having the voting powers, designations, preferences, rights and other terms prescribed in the Acquisition Charter, and 55,000,000 shares of Class D Preferred Stock, par value $0.01 per share, of Acquisition, having the voting powers, designations, preferences, rights and other terms prescribed in the Acquisition Charter, and (ii) as of the date hereof and immediately prior to the Exchange Closing, no shares of capital stock of Acquisition

 

 

2



 

are or shall be issued and outstanding other than 517,836 shares of issued and outstanding Class B Preferred Stock held by Carlyle.

(c)           The Class C Preferred Stock to be issued pursuant to Section 2 hereof has been duly authorized for issuance and sale pursuant to such section, and when issued and delivered by Acquisition against payment therefor in accordance with the terms of this letter agreement, will be duly and validly issued and fully paid and non-assessable, issued in compliance with all applicable federal and state securities laws and regulations, and issued free and clear of any pledge, lien, security interest, encumbrance, claim or equitable interest.

4.2           Representations and Warranties of PHI.  PHI represents and warrants to Acquisition as follows:

(a)           PHI has all requisite limited liability company power and authority to enter into this letter agreement and to consummate the transactions contemplated hereby.  The execution and delivery of this letter agreement by PHI, and the consummation of the transactions contemplated hereby, have been duly authorized by all necessary limited liability company action on the part of PHI.  This letter agreement has been duly executed and delivered by PHI and constitutes a valid and binding obligation of PHI enforceable in accordance with its terms.  Neither the execution and delivery of this letter agreement, nor the consummation of the transactions contemplated hereby nor compliance with the terms hereof will violate, conflict with or result in a breach of, or constitute a default (with or without notice or lapse of time or both) under any provision of, the operating agreement or certificate of formation of PHI, or any trust agreement, loan or credit agreement, note, bond, mortgage, indenture, lease or other agreement, instrument, permit, concession, franchise, license, judgment, order, notice, decree, statute, law, ordinance, rule or regulation applicable to PHI or to its property or assets.

(b)           (i) Hostetter is the sole manager of PHI, and PHI is controlled by Hostetter; and (ii) all of the equity interests of PHI are owned by Hostetter and one or more members of his immediate family.

(c)           PHI will have sufficient funds to make the contribution to Acquisition described in Section 2 hereof at the Exchange Closing.

(d)           PHI is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated under the Securities Act or is knowledgeable, sophisticated and experienced in making, and is qualified to make, decisions with respect to investments in securities presenting an investment decision like that involved in the acquisition of the Class C Preferred Stock, including investments in securities issued by Acquisition, and is capable of evaluating the merits and risks of such investment.  PHI has requested, received, reviewed and considered all information that it deems relevant in making an informed decision to purchase the Class C Preferred Stock.  PHI further represents that it has had an opportunity to ask questions and receive answers from Acquisition regarding the purchase of the Class C Preferred Stock described in Section 2 hereof and the business, properties, prospects and financial condition of Acquisition.

 

 

3



 

(e)           PHI is purchasing the Class C Preferred Stock for its own account for investment only, and, except as contemplated in this letter agreement or the Merger Agreement, it has no present intention of distributing the Class C Preferred Stock, and there is no arrangement or understanding with any other Persons regarding the distribution of the Class C Preferred Stock in violation of any applicable federal or state securities laws.

(f)            Except as contemplated by this letter agreement or the Merger Agreement, PHI shall not, directly or indirectly, offer to Transfer or Transfer (or solicit any offers to buy, purchase or otherwise acquire or take a pledge of) any of the shares of Class C Preferred Stock purchased by it hereunder except in compliance with the Securities Act, applicable blue sky laws and the rules and regulations promulgated thereunder.  PHI also understands that there is no assurance that any exemption from registration under the Securities Act and applicable blue sky laws will ever be available and that, even if available, such exemption may not allow PHI to Transfer all or any portion of its shares of Class C Preferred Stock under the circumstances, in the amounts or at the times that it might propose.

(g)           PHI is able to bear the economic risk of holding the shares of Class C Preferred Stock to be issued to it hereunder for an indefinite period, including the loss of its entire investment.  The Class C Preferred Stock was not offered or sold to PHI by any form of general solicitation or advertising.  PHI has not been organized for the purpose of acquiring shares of Class C Preferred Stock.

4.3           No Other Representations and Warranties.  PHI acknowledges that, except for the representations and warranties made by Acquisition to PHI in Section 4.1 hereof, no party to this letter agreement (and no Person acting on behalf of a party) makes or has made to PHI any representations and warranties of any nature whatsoever.

5.             Investment Fee.  Subject to the performance by PHI of its obligations hereunder, at or immediately following the Effective Time of the Merger, Insight, as the Surviving Corporation, shall pay to PHI in cash an investment fee of Four Hundred Thousand Dollars ($400,000.00).

6.             Securityholders Agreement.  PHI shall execute and deliver, at the time of the Closing of the Merger, a Securityholders Agreement substantially in the form attached hereto as Exhibit B.

7.             Termination.  This letter agreement shall automatically be terminated and forthwith become wholly void and of no further force and effect, and there shall be no liability on the part of any of the parties hereto arising out of this letter agreement, if the Merger Agreement shall have been terminated in accordance with its terms at any time prior to the Exchange Closing.  Except as and to the extent provided in this Section 7, this letter agreement may not otherwise be terminated except upon the written agreement of Acquisition, PHI, Insight, Carlyle, Knafel and Willner.  Notwithstanding any provision to the contrary in this Section 7, the termination of this letter agreement shall not relieve or

 

4



 

release a party hereto from any liability or damages arising from a willful breach by such party of any provision of this letter agreement occurring prior to such termination.

8.             Amendments; Waivers.  Neither this letter agreement nor any term hereof may be amended or otherwise modified other than by an instrument in writing signed by Acquisition, PHI, Insight, Carlyle, Knafel and Willner.  No provision of this letter agreement may be waived, discharged or terminated other than by an instrument in writing signed by the party hereto against whom the enforcement of such waiver, discharge or termination is sought.  No failure or delay by any party in exercising any of its rights, powers or privileges under this letter agreement shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege.

9.             Governing Law; Jurisdiction.  This letter agreement shall be governed by and construed in accordance with the laws of the State of Delaware, regardless of the laws that might otherwise govern under applicable principles of conflict of laws thereof, except to the extent that mandatory provisions of federal law apply.  Each of the parties hereto hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the courts of the State of Delaware and any appellate court thereof, in any action or proceeding arising out of or relating to this letter agreement or the agreements delivered in connection herewith or the transactions contemplated hereby or thereby or for recognition or enforcement of any judgment relating thereto, and each of the parties hereto irrevocably and unconditionally (a) agrees not to commence any such action except in such court, (b) agrees that any claim in respect of any such action or proceeding may be heard and determined in such Delaware state court, (c) waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to venue of any such action or proceeding in any such Delaware state court, and (d) waives, to the fullest extent permitted by law, the defense of any inconvenient forum to the maintenance of such action or proceeding in any such Delaware state court.  Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.

10.           Waiver of Jury Trial.  EACH PARTY HERETO ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY THAT MAY ARISE UNDER THIS LETTER  AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE IT HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS LETTER AGREEMENT AND ANY OF THE DOCUMENTS DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.  EACH PARTY HERETO CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE SUCH WAIVER, (B) IT UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF SUCH

 

 

5



 

WAIVER, (C) IT MAKES SUCH WAIVER VOLUNTARILY, AND (D) IT HAS BEEN INDUCED TO ENTER THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVER AND CERTIFICATIONS CONTAINED IN THIS SECTION 10.

11.           Assignment.  This Agreement shall not be assignable or otherwise transferable by a party without the prior written consent of the other parties hereto, and any attempt to so assign or otherwise transfer this Agreement without such consent shall be void and of no effect; provided that Acquisition may assign or transfer its rights, interests and obligations under this letter agreement to a Person to which Acquisition assigns or transfers its rights, interests and obligations under the Merger Agreement in accordance with the Merger Agreement.  This letter agreement shall be binding upon the respective heirs, successors, legal representatives and permitted assigns of the parties hereto.  Nothing in this Agreement shall be construed as giving any Person, other than the parties hereto and their heirs, successors, legal representatives and permitted assigns, any right, remedy or claim under or in respect of this letter agreement or any provision hereof.

12.           Notification of Certain Matters.  Each party shall give prompt notice to the other parties of the occurrence, or failure to occur, of any event which occurrence or failure to occur would cause (a) any representation or warranty of such party contained in this letter agreement to be untrue or inaccurate in any material respect, or (b) any material failure of such party to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it under this letter agreement; provided, however, that no such notification shall affect the representations or warranties of the parties or the conditions to the performance by the parties hereunder.

13.           Public Statements.  None of the parties shall issue or cause the publication of any press release or other public announcement with respect to this letter agreement or the transactions contemplated hereby without prior consultation with and approval by Insight, Acquisition, PHI, Carlyle, Knafel and Willner, except as may be required by law or any listing agreement with a national securities exchange to which Insight is a party, provided that in the case of any such required disclosure, the party making the required disclosure will, in good faith, consult with and consider the comments of the other parties regarding the nature, extent and form of such press release or public announcement, and, in any event, will provide prior notice of such required disclosure to the other parties to the extent practicable.

14.           Shareholder Capacity.  No party executing this letter agreement who is or becomes, or whose affiliate is or becomes, during the term hereof a director or officer of Insight shall be deemed to make any agreement or understanding in this letter agreement in such party’s or through its affiliate’s capacity as a director or officer of Insight, and nothing herein shall limit or affect any actions taken, or to be taken, by a party or its affiliate in its capacity as a director or officer of Insight.

15.           Severability.  If any provision of this letter agreement is held to be invalid or unenforceable for any reason, it shall be adjusted rather than voided, if possible, in order to achieve the intent of the parties hereto to the maximum extent possible.  In any event, the invalidity or unenforceability of any provision of this letter agreement in any

 

 

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jurisdiction shall not affect the validity or enforceability of the remainder of this letter agreement in that jurisdiction or the validity or enforceability of this letter agreement, including that provision, in any other jurisdiction.

16.           Integration.  This letter agreement constitutes the full and entire understanding and agreement of the parties with respect to the subject matter hereof and supersedes any and all prior understandings or agreements relating to the subject matter hereof.

17.           Section Headings.  The section headings of this letter agreement are for convenience of reference only and are not to be considered in construing this letter agreement.

18.           Counterparts.  This letter agreement may be executed in one or more counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.  Facsimile signatures of the parties hereto shall be deemed to be their original signatures for all purposes.

 

[Signature Page Follows.]

 

 

7



 

If the terms of this letter agreement are acceptable to you, please sign in the appropriate space below.

 

 

Sincerely,

 

 

 

/s/ Sidney R. Knafel

 

 

 

Sidney R. Knafel

 

 

Acknowledged and agreed to by:

 

PH INVESTMENTS, LLC

 

 

By:

/s/ Benjamin A. Gomez

 

 

Name: Benjamin A. Gomez

 

Title: Managing Director

 

 

INSIGHT ACQUISITION CORP.

 

 

By:

/s/ William E. Kennard

 

 

Name: William E. Kennard

 

Title: President

 

 

INSIGHT COMMUNICATIONS COMPANY, INC.

 

 

By:

/s/ Michael S. Willner

 

 

Name: Michael S. Willner

 

Title: President and Chief Executive Officer

 

 

 

/s/ Michael S. Willner

 

 

MICHAEL S. WILLNER

 

 



 

 

CARLYLE PARTNERS III TELECOMMUNICATIONS, L.P.

By:

TC Group III, L.P., its General Partner

By:

TC Group III, L.L.C., its General Partner

By:

TC Group, L.L.C., its Managing Member

 

 

By:

/s/ William E. Kennard

 

 

Name: William E. Kennard

 

Title: Managing Director

 

CP III COINVESTMENT, L.P.

By:

TC Group III, L.P., its General Partner

By:

TC Group III, L.L.C., its General Partner

By:

TC Group, L.L.C., its Managing Member

By:

TCG Holdings, L.L.C., its Managing Member

 

 

By:

/s/ William E. Kennard

 

 

Name: William E. Kennard

 

Title: Managing Director

 

 

CARLYLE PARTNERS IV TELECOMMUNICATIONS, L.P.

By:

TC Group IV, L.P., its General Partner

By:

TC Group IV, L.L.C., its General Partner

By:

TC Group, L.L.C., its Managing Member

 

 

By:

/s/ William E. Kennard

 

 

Name: William E. Kennard

 

Title: Managing Director

 

 

CP IV COINVESTMENT, L.P.

By:

TC Group IV, L.P., its General Partner

By:

TC Group IV, L.L.C., its General Partner

By:

TC Group, L.L.C., its Managing Member

By:

TCG Holdings, L.L.C., its Managing Member

 

 

By:

/s/ William E. Kennard

 

 

Name: William E. Kennard

 

Title: Managing Director

 

 



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