-----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, DjyN3qLIuoU7vkqk1eZ1LrfUEdlyJV3KnlXn0fYLh4FWpGj++2RXQz8Kmq5R/X0J wm+JoU7jMrWaKXnqFJsSGA== 0000891554-99-000882.txt : 19990507 0000891554-99-000882.hdr.sgml : 19990507 ACCESSION NUMBER: 0000891554-99-000882 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990506 GROUP MEMBERS: 21ST CENTURY COMMUNICATIONS PARTNERS L P GROUP MEMBERS: 21ST CENTURY COMMUNICATIONS PARTNERS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PRICE COMMUNICATIONS CORP CENTRAL INDEX KEY: 0000355787 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 132991700 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-34130 FILM NUMBER: 99611876 BUSINESS ADDRESS: STREET 1: 45 ROCKEFELLER PLZ STREET 2: STE 3201 CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 2127575600 MAIL ADDRESS: STREET 1: 45 ROCKEFELLER PLAZA STREET 2: SUITE 3201 CITY: NEW YORK STATE: NY ZIP: 10020 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: 21ST CENTURY COMMUNICATIONS PARTNERS L P CENTRAL INDEX KEY: 0000930868 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 767 FIFTH AVE STREET 2: 45TH FL CITY: NEW YORK STATE: NY ZIP: 10153 BUSINESS PHONE: 2127548100 SC 13D/A 1 REGISTRATION STATEMETN SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 S C H E D U L E 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d -1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a). (Amendment No. 1)(1) PRICE COMMUNICATIONS CORPORATION (Name of Issuer) COMMON STOCK, $0.01 PAR VALUE (Title of Class of Securities) 741437305 (CUSIP Number) Copy to: Mr. Edward Grinacoff 21st Century Communications Morrison Cohen Singer & Weinstein, LLP Partners, L.P. 750 Lexington Avenue 767 Fifth Avenue, 45th Floor New York, New York 10022 New York, New York 10153 Telephone (212) 735-8600 Telephone (212) 754-8100 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 4, 1997 (Date of Event which Requires Filing this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-(g), check the following box |_|. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. (Continued on following page(s)) - -------- (1) The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). - 1 of 26 - CUSIP No. 741437305 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) 21st Century Communications Partners, L.P. ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* WC ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization Delaware ________________________________________________________________________________ 7 Sole Voting Power Number of 247,480 shares 4.5% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 117,520 shares 2.1% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 247,480 shares 4.5% Person _________________________________________________________________ 10 Shared Dispositive Power With 117,520 shares 2.1% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 365,000 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 6.7% ________________________________________________________________________________ 14 Type of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 2 of 26 - CUSIP No. 741437305 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) 21st Century Communications T-E Partners, L.P. ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* WC ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization Delaware ________________________________________________________________________________ 7 Sole Voting Power Number of 84,202 shares 1.5% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 280,798 shares 5.1% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 84,202 shares 1.5% Person _________________________________________________________________ 10 Shared Dispositive Power With 280,798 shares 5.1% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 365,000 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 6.7% ________________________________________________________________________________ 14 Type of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 3 of 26 - CUSIP No. 741437305 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) 21st Century Communications Foreign Partners, L.P. ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* WC ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization Delaware ________________________________________________________________________________ 7 Sole Voting Power Number of 33,318 shares .6% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 331,682 shares 6.0% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 33,318 shares .6% Person _________________________________________________________________ 10 Shared Dispositive Power With 331,682 shares 6.0% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 365,000 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 6.7% ________________________________________________________________________________ 14 Type of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 4 of 26 - CUSIP No. 741437305 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Sandler Capital Management ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* WC ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization New York ________________________________________________________________________________ 7 Sole Voting Power Number of 273,760 shares 5.0% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 365,000 shares 6.7% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 273,760 shares 5.0% Person _________________________________________________________________ 10 Shared Dispositive Power With 365,000 shares 6.7% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 638,760 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 11.6% ________________________________________________________________________________ 14 Type of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 5 of 26 - CUSIP No. 74147305 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Michael J. Marocco ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* WC ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 0 shares 0% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 818,760 shares 14.9% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 0 shares 0% Person _________________________________________________________________ 10 Shared Dispositive Power With 818,760 shares 14.9% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 818,760 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 14.9% ________________________________________________________________________________ 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 6 of 26 - CUSIP No. 74147305 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) John Kornreich ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* WC ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 0 shares 0% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 818,760 shares 14.9% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 0 shares 0% Person _________________________________________________________________ 10 Shared Dispositive Power With 818,760 shares 14.9% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 818,760 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 14.9% ________________________________________________________________________________ 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 7 of 26 - CUSIP No. 74147305 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Harvey Sandler ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* WC ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 109,200 shares 2.0% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 829,760 shares 15.1% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 109,200 shares 2.0% Person _________________________________________________________________ 10 Shared Dispositive Power With 829,760 shares 15.1% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 938,960 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 17.1% ________________________________________________________________________________ 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 8 of 26 - CUSIP No. 74147305 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Andrew Sandler ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* WC ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 0 shares 0% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 818,760 shares 14.9% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 0 shares 0% Person _________________________________________________________________ 10 Shared Dispositive Power With 818,760 shares 14.9% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 818,760 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 14.9% ________________________________________________________________________________ 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 9 of 26 - CUSIP No. 74147305 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Barry Rubenstein ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* WC ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 0 shares 0% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 365,000 shares 6.7% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 0 shares 0% Person _________________________________________________________________ 10 Shared Dispositive Power With 365,000 shares 6.7% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 365,000 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 6.7% ________________________________________________________________________________ 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 10 of 26 - CUSIP No. 74147305 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Barry Fingerhut ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* WC ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 0 shares 0% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 365,000 shares 6.7% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 0 shares 0% Person _________________________________________________________________ 10 Shared Dispositive Power With 365,000 shares 6.7% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 365,000 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 6.7% ________________________________________________________________________________ 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 11 of 26 - CUSIP No. 74147305 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Irwin Lieber ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* WC ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 0 shares 0% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 365,000 shares 6.7% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 0 shares 0% Person _________________________________________________________________ 10 Shared Dispositive Power With 365,000 shares 6.7% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 365,000 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 6.7% ________________________________________________________________________________ 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 12 of 26 - CUSIP No. 74147305 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Phyllis Sandler ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* WC ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization United States ________________________________________________________________________________ 7 Sole Voting Power Number of 11,000 shares 0.2% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 109,200 shares 2.0% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 11,000 shares 0.2% Person _________________________________________________________________ 10 Shared Dispositive Power With 109,200 shares 2.0% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 120,200 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 2.2% ________________________________________________________________________________ 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 13 of 26 - CUSIP No. 74147305 13D ================================================================================ 1 Name of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only) Sandler Associates ________________________________________________________________________________ 2 Check the Appropriate Box if a Member of a Group* (a) [_] (b) [_] ________________________________________________________________________________ 3 SEC Use Only ________________________________________________________________________________ 4 Source of Funds* WC ________________________________________________________________________________ 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] ________________________________________________________________________________ 6 Citizenship or Place of Organization New York ________________________________________________________________________________ 7 Sole Voting Power Number of 180,000 shares 3.3% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 0 shares 0% Owned by _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 180,000 shares 3.3% Person _________________________________________________________________ 10 Shared Dispositive Power With 0 shares 0% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 180,000 shares ________________________________________________________________________________ 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent of Class Represented by Amount in Row (11) 3.3% ________________________________________________________________________________ 14 Type of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 14 of 26 - This statement, dated December 4, 1997, constitutes Amendment No. 1 to the Schedule 13D, dated October 6, 1997, regarding the reporting persons ownership of certain securities of Price Communications Corporation (the "Issuer"). This Schedule 13D is hereinafter referred to as the "Schedule". All capitalized terms used herein and otherwise undefined shall have the meanings ascribed in the Schedule. This Amendment No. 1 to the Schedule is filed in accordance with Rule 13d-2 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), by the reporting persons. It shall refer only to information which has materially changed since the filing of the Schedule. ITEM 2. Identity and Background. 13. (a) Sandler Associates, a limited partnership organized under the laws of the State of New York. (b) Address: 767 Fifth Avenue, 45th Floor New York, New York 10153 (c) Principal Occupation: Investments. (d) No. (e) No. Each of Harvey Sandler, John Kornreich, Michael Marocco and Andrew Sandler is a general partner of Sandler Associates. ITEM 3. Source and Amount of Funds or Other Consideration. The source of funds for the acquisition of the additional securities was the working capital in the personal investment accounts of Harvey Sandler and Phyllis Sandler. The amount of funds used in acquiring the additional shares of Common Stock are set forth below: - 15 of 26 - Number of Purchase Shares Price ----------------- ------------------- Harvey Sandler 53,200 $379,497 Phyllis Sandler 4,000 $34,000 ITEM 4. Purpose of Transaction. The reporting persons acquired their securities for the purposes of investment. Other than the reporting persons purchase or sale of additional securities of the Issuer, no reporting person has any present plans or proposals which would relate to or result in any of the matters set forth in subparagraphs (a) through (j) of Item 4 of Schedule 13D, except as set forth herein. ITEM 5. Interests in Securities of the Issuer. (a) The following list sets forth the aggregate number and percentage (based on 5,483,881 shares of Common Stock outstanding as reported by the Issuer as of October 29, 1997 in its Form 10-Q for the quarter ended September 30, 1997) of outstanding shares of Common Stock owned beneficially by each reporting person named in Item 2, as of December 4, 1997:
Shares of Percentage of Shares Common Stock of Common Stock Name Beneficially Owned(2) Beneficially Owned(2) - ---- ------------------- ------------------- 21st Century Communications 365,000(3) 6.7% Partners, L.P. 21st Century Communications T-E 365,000(4) 6.7% Partners, L.P. 21st Century Communications Foreign 365,000(5) 6.7% Partners, L.P.
- -------- (2) Includes shares of Common Stock issuable upon the exercise of the Warrants. (3) Includes 247,480 shares of Common Stock owned by 21st Century. 21st Century disclaims beneficial ownership of 84,202 shares of Common Stock owned by T-E and 33,318 shares of Common Stock owned by Foreign. (4) Includes 84,202 shares of Common Stock owned by T-E. T-E disclaims beneficial ownership of 247, 480 shares of Common Stock owned by 21st Century and 33,318 shares of Common Stock owned by Foreign. (5) Includes 33,318 shares of Common Stock owned by Foreign. Foreign disclaims beneficial ownership of 247,480 shares of Common Stock owned by 21st Century and 84,202 shares of Common Stock owned by T-E. - 16 of 26 - Shares of Percentage of Shares of Common Stock Common Stock Name Beneficially Owned(2) Beneficially Owned(2) - ---- -------------------- --------------------- Sandler Capital Management 638,760(6) 11.6% Michael J. Marocco 818,760(7,8) 14.9% John Kornreich 818,760(7,8) 14.9% Harvey Sandler 938,960(7,8,9,11) 17.1% Andrew Sandler 818,760(7,8) 14.9% Barry Rubenstein 365,000(7,10) 6.7% Barry Fingerhut 365,000(7,10) 6.7% Irwin Lieber 365,000(7,10) 6.7% Phyllis Sandler 121,600(7,9,11) 2.2% Sandler Associates 180,000(12) 3.3% (b) 21st Century has sole power to vote and to dispose of 247,480 shares of Common Stock, representing approximately 4.5% of the outstanding Common Stock. 21st Century may be deemed to have shared power to vote and to dispose of 117,520 shares of Common Stock, representing approximately 2.1% of the outstanding Common Stock. T-E has sole power to vote and to dispose of 84,202 shares of Common Stock, representing approximately 1.5% of the outstanding Common Stock. T-E may be deemed to have shared power - -------- (6) Includes 247,480 shares of Common Stock owned by 21st Century, 84,202 shares of Common Stock owned by T-E and 33,318 shares of Common Stock owned by Foreign. SCM disclaims beneficial ownership of 260,000 shares of Common Stock and 13,760 shares of Common Stock issuable upon the exercise of the Warrants held in accounts managed by SCM. (7) The reporting person disclaims beneficial ownership of these securities, except to the extent of his/her equity interest therein. (8) Includes 247,480 shares of Common Stock owned by 21st Century, 84,202 shares of Common Stock owned by T-E, 33,318 shares of Common Stock owned by Foreign and 180,000 shares of Common Stock owned by Sandler Associates. The reporting person disclaims beneficial ownership of 260,000 shares of Common Stock and 13,760 shares of Common Stock issuable upon the exercise of the Warrants held in accounts managed by SCM. (9) Includes 109,200 shares of Common Stock owned by Harvey Sandler. (10) Includes 247,480 shares of Common Stock owned by 21st Century, 84,202 shares of Common Stock owned by T-E and 33,318 shares of Common Stock owned by Foreign. (11) Includes 11,000 shares of Common Stock owned by Phyllis Sandler. (12) Includes 180,000 shares of Common Stock owned by Sandler Associates. - 17 of 26 - to vote and to dispose of 280,798 shares of Common Stock, representing approximately 5.1% of the outstanding Common Stock. Foreign has sole power to vote and to dispose of 33,318 shares of Common Stock, representing approximately .6% of the outstanding Common Stock. Foreign may be deemed to have shared power to vote and to dispose of 331,682 shares of Common Stock, representing approximately 6.0% of the outstanding Common Stock. By virtue of being the general partner of SIP and the manager of certain accounts owning shares of Common Stock and Warrants with respect to which SCM exercises investment discretion, SCM may be deemed to have shared power to vote and to dispose of 638,760 shares of Common Stock (which includes shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 11.6% of the outstanding Common Stock. By virtue of being the sole shareholder of MJDM Corp. and a general partner of Sandler Associates, Michael J. Marocco may be deemed to have shared power to vote and to dispose of 818,760 shares of Common Stock (which includes shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 14.9% of the outstanding Common Stock. By virtue of being the sole shareholder of Four JK Corp. and a general partner of Sandler Associates, John Kornreich may be deemed to have shared power to vote and to dispose of 818,760 shares of Common Stock (which includes shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 14.9% of the outstanding Common Stock. By virtue of being the sole shareholder of ARH Corp., a general partner of Sandler Associates, and the husband of Phyllis Sandler, Harvey Sandler may be deemed to have shared power to vote and to dispose of 829,760 shares of Common Stock (which includes shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 15.1% of the outstanding Common Stock. Harvey Sandler has sole power to vote and to dispose of 109,200 shares of Common Stock, representing approximately 2.0% of the outstanding Common Stock. By virtue of being a majority member of ALSI, LLC and a general partner of Sandler Associates, Andrew Sandler may be deemed to have shared power to vote and to dispose of 818,760 shares of Common Stock (which includes shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 14.9% of the outstanding Common Stock. By virtue of being a shareholder, officer and director of Infomedia, Barry Rubenstein may be deemed to have shared power to vote and to dispose of 365,000 shares of Common Stock, representing approximately 6.7% of the outstanding Common Stock. By virtue of being a shareholder, officer and director of Infomedia, Irwin Lieber may be deemed to have shared power to vote and to dispose of 365,000 shares of Common Stock, representing approximately 6.7% of the outstanding Common Stock. - 18 of 26 - By virtue of being a shareholder, officer and director of Infomedia, Barry Fingerhut may be deemed to have shared power to vote and to dispose of 365,000 shares of Common Stock, representing approximately 6.7% of the outstanding Common Stock. By virtue of being the wife of Harvey Sandler, Phyllis Sandler may be deemed to have shared power to vote and to dispose of 109,200 shares of Common Stock, representing approximately 2.0% of the outstanding Common Stock. Phyllis Sandler has sole power to vote and to dispose of 11,000 shares of Common Stock, representing approximately 0.2% of the outstanding Common Stock. Sandler Associates has sole power to vote and to dispose of 180,000 shares of Common Stock, representing approximately 3.3% of the outstanding Common Stock. (c) The following is a description of all transactions in the shares of Common Stock and the Warrants by the persons identified in Item 2 of this Schedule 13D effected from October 9, 1997 through December 4, 1997, inclusive: Number of Shares Purchase or of Common Stock Purchase or Name of Shareholder Sale Date Purchased or (Sold) Sale Price - -------------------- --------- ------------------- ----------- Harvey Sandler 10/14/97 5,000 $ 8.75 10/29/97 5,000 $ 8.625 10/30/97 5,000 $ 8.375 10/30/97 5,000 $ 8.437 11/13/97 3,000 $ 8.4375 11/14/97 4,000 $ 8.4387 11/28/97 4,000 $10.50 11/28/97 2,300 $10.375 11/28/97 5,000 $10.75 11/28/97 3,200 $10.875 12/01/97 2,400 $10.625 12/01/97 300 $10.375 12/04/97 6,000 $10.62 12/04/97 3,000 $10.50 Phyllis Sandler 10/29/97 2,000 $ 8.625 10/31/97 2,000 $ 8.375 All purchases of Common Stock were effected in open market transactions on the American Stock Exchange. (d) No other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of such securities. (e) Not applicable. - 19 of 26 - ITEM 7. Material to be filed as Exhibits. Exhibit 7.01 Agreement effective as of December 4, 1997, among the reporting persons by which they have agreed to file this Schedule 13D and all necessary amendments, as required by Rule 13d-1(f). - 20 of 26 - Signature After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned hereby certifies that the information set forth in this Schedule is true, complete, and correct. Date: April 30, 1999 21ST CENTURY COMMUNICATIONS PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: ARH Corp., general partner By: Edward Grinacoff --------------------------------------- Name: Edward Grinacoff Title: Secretary and Treasurer 21ST CENTURY COMMUNICATIONS T-E PARTNERS L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: ARH Corp., general partner By: Edward Grinacoff --------------------------------------- Name: Edward Grinacoff Title: Secretary and Treasurer 21ST CENTURY COMMUNICATIONS FOREIGN PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: ARH Corp., general partner By: Edward Grinacoff --------------------------------------- Name: Edward Grinacoff Title: Secretary and Treasurer - 21 of 26 - Michael J. Marocco --------------------------------------- Michael J. Marocco John Kornreich --------------------------------------- John Kornreich Harvey Sandler --------------------------------------- Harvey Sandler Andrew Sandler --------------------------------------- Andrew Sandler Barry Rubenstein --------------------------------------- Barry Rubenstein Irwin Lieber --------------------------------------- Irwin Lieber Barry Fingerhut --------------------------------------- Barry Fingerhut SANDLER ASSOCIATES By: Andrew Sandler --------------------------------------- Name: Andrew Sandler Title: General Partner - 22 of 26 - SANDLER CAPITAL MANAGEMENT By: ARH Corp. By: Edward Grinacoff --------------------------------------- Name: Edward Grinacoff Title: Secretary and Treasurer Phyllis Sandler --------------------------------------- Phyllis Sandler ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). - 23 of 26 - Exhibit 7.01 JOINT FILING AGREEMENT In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the Common Stock, par value $.01 per share, of Price Communications Corporation and that this Agreement be filed as an Exhibit to such statement on Schedule 13D. IN WITNESS WHEREOF, the undersigned hereby execute this Agreement effective as of the 4th day of December, 1997. 21ST CENTURY COMMUNICATIONS PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: ARH Corp., general partner By: Edward Grinacoff -------------------------------------- Name: Edward Grinacoff Title: Secretary and Treasurer 21ST CENTURY COMMUNICATIONS T-E PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: ARH Corp., general partner By: Edward Grinacoff -------------------------------------- Name: Edward Grinacoff Title: Secretary and Treasurer 21ST CENTURY COMMUNICATIONS FOREIGN PARTNERS, L.P. By: Sandler Investment Partners, L.P., general partner By: Sandler Capital Management, general partner By: ARH Corp., general partner By: Edward Grinacoff -------------------------------------- Name: Edward Grinacoff Title: Secretary and Treasurer - 25 of 26 - Michael J. Marocco -------------------------------------- Michael J. Marocco John Kornreich -------------------------------------- John Kornreich Harvey Sandler -------------------------------------- Harvey Sandler Andrew Sandler -------------------------------------- Andrew Sandler Barry Rubenstein -------------------------------------- Barry Rubenstein Irwin Lieber -------------------------------------- Irwin Lieber Barry Fingerhut -------------------------------------- Barry Fingerhut SANDLER ASSOCIATES By: Andrew Sandler -------------------------------------- Name: Andrew Sandler Title: General Partner - 25 of 26 - SANDLER CAPITAL MANAGEMENT By: ARH Corp. By: Edward Grinacoff -------------------------------------- Name: Edward Grinacoff Title: Secretary and Treasurer Phyllis Sandler -------------------------------------- Phyllis Sandler - 26 of 26 - -----END PRIVACY-ENHANCED MESSAGE-----