-----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, P+l+A7uUDOf3/jcQkHG73WINgeseb1QKHRcohc3R/iQRXaTjiTqgu9ZYXN3o1pHQ bRaAG5Qb1fYOQVYAu4USyA== 0000891554-99-000884.txt : 19990507 0000891554-99-000884.hdr.sgml : 19990507 ACCESSION NUMBER: 0000891554-99-000884 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: 99611880 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 AMENDMENT NO. 3 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 S C H E D U L E 13D INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a). (Amendment No. 3)(1) 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 Persons Authorized to Receive Notices and Communications) October 15, 1998 (Date of Event which Requires Filing this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which 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 22 - 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 492,096 shares 2.1% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 233,676 shares 1.0% Owned By _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 492,096 shares 2.1% Person _________________________________________________________________ 10 Shared Dispositive Power With 233,676 shares 1.0% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned by Each Reporting Person 725,772 shares ________________________________________________________________________________ 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent Of Class Represented By Amount In Row (11) 3.1% ________________________________________________________________________________ 14 Type Of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 2 of 22 - 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 167,428 shares 0.7% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 558,344 shares 2.4% Owned By _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 167,428 shares 0.7% Person _________________________________________________________________ 10 Shared Dispositive Power With 558,344 shares 2.4% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 725,772 shares ________________________________________________________________________________ 12 Check Box If The Aggregate Amount In Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent Of Class Represented By Amount In Row (11) 3.1% ________________________________________________________________________________ 14 Type Of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 3 of 22 - 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 66,248 shares 0.3% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 659,524 shares 2.9% Owned By _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 66,248 shares 0.3% Person _________________________________________________________________ 10 Shared Dispositive Power With 659,524 shares 2.9% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 725,772 shares ________________________________________________________________________________ 12 Check Box If The Aggregate Amount In Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent Of Class Represented By Amount In Row (11) 3.1% ________________________________________________________________________________ 14 Type Of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 4 of 22 - 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 971,714 shares 4.2% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 725,772 shares 3.1% Owned By _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 971,714 shares 4.2% Person _________________________________________________________________ 10 Shared Dispositive Power With 725,772 shares 3.1% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 1,697,486 shares ________________________________________________________________________________ 12 Check Box If The Aggregate Amount In Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent Of Class Represented By Amount In Row (11) 7.3% ________________________________________________________________________________ 14 Type Of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 5 of 22 - CUSIP No. 741437305 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 2,431,860 shares 10.5% Owned By _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 0 shares 0% Person _________________________________________________________________ 10 Shared Dispositive Power With 2,431,860 shares 10.5% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 2,431,860 shares ________________________________________________________________________________ 12 Check Box If The Aggregate Amount In Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent Of Class Represented By Amount In Row (11) 10.5% ________________________________________________________________________________ 14 Type Of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 6 of 22 - CUSIP No. 741437305 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 2,556,860 shares 11.1% Owned By _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 0 shares 0% Person _________________________________________________________________ 10 Shared Dispositive Power With 2,556,860 shares 11.1% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 2,556,860 shares ________________________________________________________________________________ 12 Check Box If The Aggregate Amount In Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent Of Class Represented By Amount In Row (11) 11.1% ________________________________________________________________________________ 14 Type Of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 7 of 22 - CUSIP No. 741437305 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 579,294 shares 2.5% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 2,486,546 shares 10.8% Owned By _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 579,294 shares 2.5% Person _________________________________________________________________ 10 Shared Dispositive Power With 2,486,546 shares 10.8% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 3,065,840 shares ________________________________________________________________________________ 12 Check Box If The Aggregate Amount In Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent Of Class Represented By Amount In Row (11) 13.3% ________________________________________________________________________________ 14 Type Of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 8 of 22 - CUSIP No. 741437305 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 2,431,860 shares 10.5% Owned By _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 0 shares 0% Person _________________________________________________________________ 10 Shared Dispositive Power With 2,431,860 shares 10.5% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 2,431,860 shares ________________________________________________________________________________ 12 Check Box If The Aggregate Amount In Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent Of Class Represented By Amount In Row (11) 10.5% ________________________________________________________________________________ 14 Type Of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 9 of 22 - CUSIP No. 741437305 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 725,772 shares 3.1% Owned By _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 0 shares 0% Person _________________________________________________________________ 10 Shared Dispositive Power With 725,772 shares 3.1% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 725,772 shares ________________________________________________________________________________ 12 Check Box If The Aggregate Amount In Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent Of Class Represented By Amount In Row (11) 3.1% ________________________________________________________________________________ 14 Type Of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 10 of 22 - CUSIP No. 741437305 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 725,772 shares 3.1% Owned By _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 0 shares 0% Person _________________________________________________________________ 10 Shared Dispositive Power With 725,772 shares 3.1% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 725,772 shares ________________________________________________________________________________ 12 Check Box If The Aggregate Amount In Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent Of Class Represented By Amount In Row (11) 3.1% ________________________________________________________________________________ 14 Type Of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 11 of 22 - CUSIP No. 741437305 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 725,772 shares 3.1% Owned By _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 0 shares 0% Person _________________________________________________________________ 10 Shared Dispositive Power With 725,772 shares 3.1% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 725,772 shares ________________________________________________________________________________ 12 Check Box If The Aggregate Amount In Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent Of Class Represented By Amount In Row (11) 3.1% ________________________________________________________________________________ 14 Type Of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 12 of 22 - CUSIP No. 741437305 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 54,686 shares 0.2% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 579,294 shares 2.5% Owned By _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 54,686 shares 0.2% Person _________________________________________________________________ 10 Shared Dispositive Power With 579,294 shares 2.5% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 633,980 shares ________________________________________________________________________________ 12 Check Box If The Aggregate Amount In Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent Of Class Represented By Amount In Row (11) 2.7% ________________________________________________________________________________ 14 Type Of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 13 of 22 - CUSIP No. 741437305 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 734,374 shares 3.2% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 0 shares 0% Owned By _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 734,374 shares 3.2% PERSON _________________________________________________________________ 10 Shared Dispositive Power With 0 shares 0% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 734,374 shares ________________________________________________________________________________ 12 Check Box If The Aggregate Amount In Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent Of Class Represented By Amount In Row (11) 3.2% ________________________________________________________________________________ 14 Type Of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 14 of 22 - CUSIP No. 741437305 13D ================================================================================ 1 Name Of Reporting Persons I.R.S. Identification Nos. Of Above Persons (Entities Only) J.K. Media 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 New York ________________________________________________________________________________ 7 Sole Voting Power Number Of 125,000 shares 0.5% Shares _________________________________________________________________ 8 Shared Voting Power Beneficially 0 shares 0% Owned By _________________________________________________________________ Each 9 Sole Dispositive Power Reporting 125,000 shares 0.5% Person _________________________________________________________________ 10 Shared Dispositive Power With 0 shares 0% ________________________________________________________________________________ 11 Aggregate Amount Beneficially Owned By Each Reporting Person 125,000 shares ________________________________________________________________________________ 12 Check Box If The Aggregate Amount in Row (11) Excludes Certain Shares* [_] ________________________________________________________________________________ 13 Percent Of Class Represented By Amount In Row (11) 0.5% ________________________________________________________________________________ 14 Type Of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - 15 of 22 - This statement, dated October 15, 1998, constitutes Amendment No. 3 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. 3 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. The information contained herein reflects a five-for-four stock split effected in April, 1998, a five-for four stock split effected in May, 1998 and a two-for-one stock split effected in August, 1998. ITEM 2. Identity and Background. 1. (a) Andrew Sandler is the sole shareholder of ALCR Corp. (formerly, ALSI, LLC). (b) Address: 767 Fifth Avenue, 45th Floor New York, New York 10153 (c) Principal Occupation: General Partner of partnerships and limited partnerships engaged in the investment business. (d) No. (e) No. (f) Citizenship: United States. ALCR, Corp. is a general partner of SCM, which is the general partner of SIP, a general partner of 21st Century, T-E and Foreign. Andrew Sandler is the son of Harvey Sandler and Phyllis Sandler. ITEM 5. Interests in Securities of the Issuer. (a) The following list sets forth the aggregate number and percentage (based on 23,068,806 shares of Common Stock outstanding as reported by the Issuer in its Form 10-Q for the quarter ended June 30, 1998, as adjusted for a two-for-one stock split effected in August, 1998) of outstanding shares of Common Stock owned beneficially by each reporting person named in Item 2, as of October 15, 1998: - 16 of 22 -
Shares of Percentage of Shares Common Stock of Common Stock Name Beneficially Owned(2) Beneficially Owned(2) - ---- --------------------- --------------------- 21st Century Communications 725,772 (3) 3.1% Partners, L.P. 21st Century Communications T-E 725,772 (4) 3.1% Partners, L.P. 21st Century Communications Foreign 725,772 (5) 3.1% Partners, L.P. Sandler Capital Management 1,697,486 (6) 7.3% Michael J. Marocco 2,431,860 (7,8) 10.5% John Kornreich 2,556,860 (7,8,13) 11.1% Harvey Sandler 3,065,840 (7,8,9,10) 13.3% Andrew Sandler 2,431,860 (7,8) 10.5% Barry Rubenstein 725,772 (7,11) 3.1% Barry Fingerhut 725,772 (7,11) 3.1% Irwin Lieber 725,772 (7,11) 3.1% Phyllis Sandler 633,980 (7,9,10) 2.7% Sandler Associates 734,374 (12) 3.2% J.K. Media L.P. 125,000 (13) 0.5%
(b) 21st Century has sole power to vote and to dispose of 492,096 shares of Common Stock, representing approximately 2.1% of the outstanding Common Stock. 21st Century - -------- (2) Includes shares of Common Stock issuable upon the exercise of the Warrants. (3) Includes 492,096 shares of Common Stock owned by 21st Century. 21st Century disclaims beneficial ownership of 167,428 shares of Common Stock owned by T-E and 66,248 shares of Common Stock owned by Foreign. (4) Includes 167,428 shares of Common Stock owned by T-E. T-E disclaims beneficial ownership of 492,096 shares of Common Stock owned by 21st Century and 66,248 shares of Common Stock owned by Foreign. (5) Includes 66,248 shares of Common Stock owned by Foreign. Foreign disclaims beneficial ownership of 492,096 shares of Common Stock owned by 21st Century and 167,428 shares of Common Stock owned by T-E. (6) Includes 492,096 shares of Common Stock owned by 21st Century, 167,428 shares of Common Stock owned by T-E and 66,248 shares of Common Stock owned by Foreign. SCM disclaims beneficial ownership of 917,964 shares of Common Stock and 53,750 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 492,096 shares of Common Stock owned by 21st Century, 167,428 shares of Common Stock owned by T-E, 66,248 shares of Common Stock owned by Foreign and 734,374 shares of Common Stock owned by Sandler Associates. The reporting person disclaims beneficial ownership of 917,964 shares of Common Stock and 53,750 shares of Common Stock issuable upon the exercise of the Warrants held in accounts managed by SCM. (9) Includes 579,294 shares of Common Stock owned by Harvey Sandler. (10) Includes 54,686 shares of Common Stock owned by Phyllis Sander. (11) Includes 492,096 shares of Common Stock owned by 21st Century, 167,428 shares of Common Stock owned by T-E and 66,248 shares of Common Stock owned by Foreign. (12) Includes 734,374 shares of Common Stock owned by Sandler Associates. (13) Includes 125,000 shares of Common Stock owned by J.K. Media. - 17 of 22 - may be deemed to have shared power to vote and to dispose of 233,676 shares of Common Stock, representing approximately 1.0% of the outstanding Common Stock. T-E has sole power to vote and to dispose of 167,428 shares of Common Stock, representing approximately 0.7% of the outstanding Common Stock. T-E may be deemed to have shared power to vote and to dispose of 558,344 shares of Common Stock, representing approximately 2.4% of the outstanding Common Stock. Foreign has sole power to vote and to dispose of 66,248 shares of Common Stock, representing approximately 0.3% of the outstanding Common Stock. Foreign may be deemed to have shared power to vote and to dispose of 659,524 shares of Common Stock, representing approximately 2.9% 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 1,697,486 shares of Common Stock (which includes shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 7.3% 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 2,431,860 shares of Common Stock (which includes shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 10.5% of the outstanding Common Stock. By virtue of being the sole shareholder of Four JK Corp., a general partner of Sandler Associates and a general partner of J.K. Media, John Kornreich may be deemed to have shared power to vote and to dispose of 2,556,860 shares of Common Stock (which includes shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 11.1% 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 2,486,546 shares of Common Stock (which includes shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 10.8% of the outstanding Common Stock. Harvey Sandler has sole power to vote and to dispose of 579,294 shares of Common Stock, representing approximately 2.5% of the outstanding Common Stock. By virtue of being the sole shareholder of ALCR Corp. and a general partner of Sandler Associates, Andrew Sandler may be deemed to have shared power to vote and to dispose of 2,431,860 shares of Common Stock (which includes shares of Common Stock issuable upon the exercise of the Warrants), representing approximately 10.5% 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 725,772 shares of Common Stock, representing approximately 3.1% of the outstanding Common Stock. - 18 of 22 - 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 725,772 shares of Common Stock, representing approximately 3.1% of the outstanding Common Stock. By virtue of being a shareholder, officer and director of Infomedia, Barry Fingerhut may be deemed to have shared power to vote and to dispose of 725,772 shares of Common Stock, representing approximately 3.1% 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 579,294 shares of Common Stock, representing approximately 2.5% of the outstanding Common Stock. Phyllis Sandler has sole power to vote and to dispose of 54,686 shares of Common Stock, representing approximately 0.2% of the outstanding Common Stock. Sandler Associates has sole power to vote and to dispose of 734,374 shares of Common Stock, representing approximately 3.2% of the outstanding Common Stock. J.K. Media has sole power to vote and to dispose of 125,000 shares of Common Stock, representing approximately 0.5% of the outstanding Common Stock. (c) The following is a description of all transactions in the shares of Common Stock by the persons identified in Item 2 of this Schedule 13D effected from August 15, 1998 through October 15, 1998, inclusive:
Number of Shares Purchase or of Common Stock Purchase or Name of Shareholder Sale Date Purchased or (Sold) Sale Price - ------------------- --------- ------------------- ---------- 21st Century Communications Partners, L.P. 10/15/98 (474,620) $7.625 21st Century Communications T-E Partners, L.P. 10/15/98 (161,484) $7.625 21st Century Communications Foreign Partners, L.P. 10/15/98 (63,896) $7.625
All sales of shares 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 22 - 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 - 20 of 22 - Michael J. Marocco --------------------------------------- Michael J. Marocco John Kornreich --------------------------------------- John Kornreich Harvey Sandler --------------------------------------- Harvey Sandler Andrew Sandler --------------------------------------- Andrew Sandler SANDLER CAPITAL MANAGEMENT By: ARH Corp. By: Edward Grinacoff --------------------------------------- Name: Edward Grinacoff Title: Secretary and Treasurer Phyllis Sandler --------------------------------------- Phyllis Sandler SANDLER ASSOCIATES By: Andrew Sandler --------------------------------------- Name: Andrew Sandler Title: General Partner J.K. MEDIA L.P. By: John Kornreich --------------------------------------- Name: John Kornreich Title: General Partner - 21 of 22 - Barry Rubenstein --------------------------------------- Barry Rubenstein Irwin Lieber --------------------------------------- Irwin Lieber Barry Fingerhut --------------------------------------- Barry Fingerhut ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). - 22 of 22 - -----END PRIVACY-ENHANCED MESSAGE-----