-----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, VNLkVr+2WSrs9yUnswK31IWrYSKEiZgGeoleJyewUPX5gUXcEhNMZuhkv6c1XcP5 E+nhbm+GEpWoGl7Qdzk0bw== 0001005477-97-000486.txt : 19970222 0001005477-97-000486.hdr.sgml : 19970222 ACCESSION NUMBER: 0001005477-97-000486 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970218 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: UOL PUBLISHING INC CENTRAL INDEX KEY: 0000943742 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-SERVICES, NEC [8900] IRS NUMBER: 541290319 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-48491 FILM NUMBER: 97536905 BUSINESS ADDRESS: STREET 1: 8251 GREENSBORO DRIVE STREET 2: SIUTE 500 CITY: MCLEAN STATE: VA ZIP: 22102 BUSINESS PHONE: 7038937800 MAIL ADDRESS: STREET 1: 8251 GREENSBORO DRIVE STREET 2: SUITE 500 CITY: MCLEAN STATE: VA ZIP: 22102 FORMER COMPANY: FORMER CONFORMED NAME: UNIVERSITY ONLINE INC DATE OF NAME CHANGE: 19960903 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WHEATLEY PARTNERS L P CENTRAL INDEX KEY: 0001019868 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 80 CUTTERMILL ROAD STREET 2: SUITE 311 CITY: GREAT NECK STATE: NY ZIP: 11021 BUSINESS PHONE: 5167730991 SC 13G 1 SCHEDULE 13G UNITED STATES SECURITIES & EXCHANGE COMMISSION Washington D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* UOL Publishing, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.01 Par Value - -------------------------------------------------------------------------------- (Title of Class of Securities) 903196103 ----------------------------- (CUSIP Number) *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 the disclosures provided in a prior cover page. The information required in 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. 903196103 13G Page 2 of 24 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Wheatley Partners, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 264,579 shares 8.3% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 16,682 shares 0.5% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reporting 264,579 shares 8.3% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 16,682 shares 0.5% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 281,261 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.8% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! - Page 2 of 24 - CUSIP No. 903196103 13G Page 3 of 24 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Wheatley Foreign Partners, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 16,682 shares 0.5% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 264,579 shares 8.3% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reporting 16,682 shares 0.5% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 264,579 shares 8.3% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 281,261 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.8% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! - Page 3 of 24 - CUSIP No. 903196103 13G Page 4 of 24 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Wheatley Management Ltd. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands, B.W.I. - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares 0% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 281,261 8.8% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reporting 0 shares 0% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 281,261 8.8% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 281,261 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.8% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! - Page 4 of 24 - CUSIP No. 903196103 13G Page 5 of 24 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Wheatley Partners, LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER O SHARES 0% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 281,261 shares 8.8% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reporting 0 SHARES 0% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 281,261 shares 8.8% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 281,261 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.8% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! - Page 5 of 24 - CUSIP No. 903196103 13G Page 6 of 24 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Barry Fingerhut - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 18,563 shares 0.5% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 281,261 shares 8.8% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reporting 18,563 shares 0.5% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 281,261 shares 8.8% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 299,824 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.4% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! - Page 6 of 24 - CUSIP No. 903196103 13G Page 7 of 24 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Woodland Partners - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 16,313 shares 0.5% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 0 shares 0% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reporting 16,313 shares 0.5% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 0 shares 0% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 16,313 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.5% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! - Page 7 of 24 - CUSIP No. 903196103 13G Page 8 of 24 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Barry Rubenstein - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares 0% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 297,574 shares 9.3% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reporting 0 shares 0% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 297,574 shares 9.3% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 297,574 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.3% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! - Page 8 of 24 - CUSIP No. 903196103 13G Page 9 of 24 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Irwin Lieber - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 16,313 shares 0.5% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 281,261 shares 8.8% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reporting 16,313 shares 0.5% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 281,261 shares 8.8% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 297,574 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.3% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! - Page 9 of 24 - CUSIP No. 903196103 13G Page 10 of 24 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Seth Lieber - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 2,812 shares 0.1% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 281,261 shares 8.8% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reporting 2,812 shares 0.1% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 281,261 shares 8.8% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 284,073 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.9% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! - Page 10 of 24 - CUSIP No. 903196103 13G Page 11 of 24 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Matthew Smith - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 2,250 shares 0.1% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 281,261 shares 8.8% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reporting 2,250 shares 0.1% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 281,261 shares 8.8% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 284,511 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.9% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! - Page 11 of 24 - CUSIP No. 903196103 13G Page 11 of 24 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Jonathan Lieber - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares 0% Number of ------------------------------------------------------- Shares 6 SHARED VOTING POWER Beneficially 281,261 shares 8.8% Owned By ------------------------------------------------------- Each 7 SOLE DISPOSITIVE POWER Reporting 0 shares 0% Person ------------------------------------------------------- With 8 SHARED DISPOSITIVE POWER 281,261 shares 8.8% - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 281,261 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.8% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! - Page 12 of 24 - Item 1. (a) Name of Issuer: UOL Publishing, Inc. (b) Address of Issuer's Principal Executive Offices: 8251 Greensboro Drive Suite 500 McLean, Virginia 22102 Item 2. 1. (a) Name of Person Filing: Wheatley Partners, L.P. (b) Address of Principal Business Office, or, if none, Residence: 80 Cuttermill Road Suite 311 Great Neck, NY 11021 (c) Citizenship: Not applicable. (d) Title of Class of Securities: Common Stock, $0.01 par value per share. (e) CUSIP Number: 903196103 2. (a) Name of Person Filing: Wheatley Foreign Partners, L.P. (b) Address of Principal Business Office, or, if none, Residence: 80 Cuttermill Road Suite 311 Great Neck, NY 11021 (c) Citizenship: Not applicable. (d) Title of Class of Securities: Common Stock, $0.01 par value per share. (e) CUSIP Number: 903196103 3. (a) Name of Person Filing: Wheatley Management Ltd. (b) Address of Principal Business Office, or, if none, Residence: Third Floor One Capital Place P.O. Box 1062 George Town, Grand Cayman Cayman Island, B.W.I. (c) Citizenship: Not applicable. (d) Title of Class of Securities: Common Stock, $0.01 par value per share. (e) CUSIP Number: 903196103 - Page 13 of 24 - 4. (a) Name of Person Filing: Wheatley Partners, L.L.C. (b) Address of Principal Business Office, or, if none, Residence: 80 Cuttermill Road Suite 311 Great Neck, NY 11021 (c) Citizenship: Not applicable. (d) Title of Class of Securities: Common Stock, $0.01 par value per share. (e) CUSIP Number: 903196103 5. (a) Name of Person Filing: Barry Fingerhut (b) Address of Principal Business Office, or, if none, Residence: 767 Fifth Avenue New York, NY 10153 (c) Citizenship: United States. (d) Title of Class of Securities: Common Stock, $0.01 par value per share. (e) CUSIP Number: 903196103. 6. (a) Name of Person Filing: Barry Rubenstein (b) Address of Principal Business Office, or, if none, Residence: 68 Wheatley Road Brookville, New York 11545 (c) Citizenship: United States. (d) Title of Class of Securities: Common Stock, $0.01 par value per share. (e) CUSIP Number: 903196103 7. (a) Name of Person Filing: Woodland Partners (b) Address of Principal Business Office, or, if none, Residence: 68 Wheatley Road Brookville, NY 11545 (c) Citizenship: Not applicable (d) Title of Class of Securities: (e) CUSIP Number: 903196103 8. (a) Name of Person Filing: Irwin Lieber (b) Address of Principal Business Office, or, if none, Residence: 80 Cuttermill Road Suite 311 Great Neck, NY 11021 (c) Citizenship: United States. (d) Title of Class of Securities: Common Stock, $0.01 par value per share. - Page 14 of 24 - (e) CUSIP Number: 903196103 9. (a) Name of Person Filing: Seth Lieber (b) Address of Principal Business Office, or, if none, Residence: 80 Cuttermill Road Suite 311 Great Neck, NY 11021 (c) Citizenship: United States. (d) Title of Class of Securities: Common Stock, $0.01 par value per share. (e) CUSIP Number: 903196103. 10. (a) Name of Person Filing: Matthew Smith (b) Address of Principal Business Office, or, if none, Residence: 80 Cuttermill Road Suite 311 Great Neck, NY 11021 (c) Citizenship: United States. (d) Title of Class of Securities: Common Stock, $0.01 par value per share. (e) CUSIP Number: 903196103. 11. (a) Name of Person Filing: Jonathan Lieber (b) Address of Principal Business Office, or, if none, Residence: 80 Cuttermill Road Suite 311 Great Neck, NY 11021 (c) Citizenship: United States. (d) Title of Class of Securities: Common Stock, $0.01 par value per share. (e) CUSIP Number: 903196103 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: Not Applicable. (a) |_| Broker or Dealer registered under Section 15 of the Act (b) |_| Bank as defined in section 3(a)(6) of the Act - Page 15 of 24 - (c) |_| Insurance Company as defined in section 3(a)(19) of the Act (d) |_| Investment Company registered under section 8 of the Investment Company Act (e) |_| Investment Adviser registered under section 203 of the Investment Advisers Act of 1940 (f) |_| Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see ss. 240.13d-1(b)(1)(ii)(F) (g) |_| Parent Holding Company, in accordance with ss.240.13d-1(b) (ii)(G) (Note: See Item 7) (h) |_| Group, in accordance with ss.240.13d-1(b)(1)(ii)(H) Item 4. Ownership. 1. Wheatley Partners, L.P.: (a) Amount Beneficially Owned: 281,261 shares. (b) Percent of Class: 8.8% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 264,579 shares. (ii) shared power to vote or direct the vote: 16,682 shares.* (iii) sole power to dispose or direct the disposition of: 264,579 shares. (iv) shared power to dispose or direct the disposition of: 16,682 shares.* 2. Wheatley Foreign Partners, L.P.: (a) Amount Beneficially Owned: 281,261 shares. (b) Percent of Class: 8.8% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 16,682 shares. (ii) shared power to vote or direct the vote: 264,579 shares.* (iii) sole power to dispose or direct the disposition of: 16,682 shares. (iv) shared power to dispose or direct the disposition of: 264,579 shares.* 3. Wheatley Management Ltd: (a) Amount Beneficially Owned: 281,261 shares. Reporting person is a general partner of Wheatley Foreign Partners, L.P. (b) Percent of Class: 8.8% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 0 shares. (ii) shared power to vote or direct the vote: 281,261 shares.* - -------------------------------------------------------------------------------- * The reporting person disclaims beneficial ownership of these securities except to the extent of his or its equity interest therein. - Page 16 of 24 - (iii) sole power to dispose or direct the disposition of: 0 shares. (iv) shared power to dispose or direct the disposition of: 281,261 shares.* 4. Wheatley Partners, LLC: (a) Amount Beneficially Owned: 281,261 shares. Reporting person is the general partner of Wheatley Partners, L.P. and also a general partner of Wheatley Foreign Partners, L.P. (b) Percent of Class: 8.8% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 0 shares. (ii) shared power to vote or direct the vote: 281,261 shares.* (iii) sole power to dispose or direct the disposition of: 0 shares. (iv) shared power to dispose or direct the disposition of: 281,261 shares.* 5. Barry Fingerhut: (a) Amount Beneficially Owned: 299,824 shares. Reporting person is a director of the Issuer, a member and Executive Vice President of Wheatley Partners LLC, the general partner of Wheatley Partners, L.P. and a general partner of Wheatley Foreign Partners, L.P. (b) Percent of Class: 9.4% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 18,563 shares. (ii) shared power to vote or direct the vote: 281,261 shares.* (iii) sole power to dispose or direct the disposition of: 18,563 shares. (iv) shared power to dispose or direct the disposition of: 281,261 shares.* 6. Barry Rubenstein (a) Amount Beneficially Owned: 297,574 shares. Reporting person is a member and Chief Executive Officer of Wheatley Partners LLC, the general partner of Wheatley Partners, L.P. and a general partner of Wheatley Foreign Partners, L.P. (b) Percent of Class: 9.3% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 0 shares. (ii) shared power to vote or direct the vote: 297,574 shares.* (iii) sole power to dispose or direct the disposition of: 0 shares. (iv) shared power to dispose or direct the disposition of: 297,574 shares.* - ------------------------------------------------------------------------------ * The reporting person disclaims beneficial ownership of these securities except to the extent of his or its equity interest therein. - Page 17 of 24 - 7. Woodland Partners (a) Amount of Beneficially Owned: 16,313 (b) Percent of Class: 0.5% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 16,313 shares (ii) shared power to vote or direct the vote: 0 shares (iii) sole power to dispose or direct the deposition of: 16,313 shares (iv) shared power to dispose or direct the disposition of: 0 shares 8. Irwin Lieber: (a) Amount Beneficially Owned: 297,574 shares. Reporting person is a member and President, Secretary and Treasurer of Wheatley Partners LLC, the general partner of Wheatley Partners, L.P. and a general partner of Wheatley Foreign Partners, L.P., and President and a Director of Wheatley Management Ltd., a general partner of Wheatley Partners, L.P. (b) Percent of Class: 9.3% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 16,313 shares. (ii) shared power to vote or direct the vote: 281,261 shares.* (iii) sole power to dispose or direct the disposition of: 16,313 shares. (iv) shared power to dispose or direct the disposition of: 281,261 shares.* 9. Seth Lieber: (a) Amount Beneficially Owned: 284,073 shares. Reporting person is a member and Vice President of Wheatley Partners LLC, the general partner of Wheatley Partners, L.P. and a general partner of Wheatley Foreign Partners, L.P. (b) Percent of Class: 8.9% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 2,812 shares. (ii) shared power to vote or direct the vote: 281,261 shares.* (iii) sole power to dispose or direct the disposition of: 2,812 shares. (iv) shared power to dispose or direct the disposition of: 281,261 shares.* - -------------------------------------------------------------------------------- * The reporting person disclaims beneficial ownership of these securities except to the extent of his or its equity interest therein. - Page 18 of 24 - 10. Matthew Smith: (a) Amount Beneficially Owned: 283,511 shares. Reporting person is a member and Vice President of Wheatley Partners LLC, the general partner of Wheatley Partners, L.P. and a general partner of Wheatley Foreign Partners, L.P. (b) Percent of Class: 8.9% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 2,250 shares. (ii) shared power to vote or direct the vote: 281,261 shares.* (iii) sole power to dispose or direct the disposition of: 2,250 shares. (iv) shared power to dispose or direct the disposition of: 281,261 shares.* 11. Jonathan Lieber: (a) Amount Beneficially Owned: 281,261 shares. Reporting person is a member and Vice President of Wheatley Partners LLC, the general partner of Wheatley Partners, L.P. and a general partner of Wheatley Foreign Partners, L.P. (b) Percent of Class: 8.8% (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 0 shares. (ii) shared power to vote or direct the vote: 281,261 shares.* (iii) sole power to dispose or direct the disposition of: 0 shares. (iv) shared power to dispose or direct the disposition of: 281,261 shares.* Item 5. Ownership of Five Percent or Less of a Class Not Applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not Applicable. Item 8. Identification and Classification of Members of the Group Not Applicable. - Page 19 of 24 - Item 9. Notice of Dissolution of Group Not Applicable. Item 10. Certification Not Applicable. - Page 20 of 24 - 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 statement is true, complete and correct. Date: February 7, 1997 WHEATLEY PARTNERS, L.P. By: Wheatley Partners, LLC, General Partner /s/ Barry Rubenstein --------------------------------------------- By: Barry Rubenstein, Chief Executive Officer WHEATLEY FOREIGN PARTNERS, L.P. By: Wheatley Partners, LLC, General Partner /s/ Barry Rubenstein --------------------------------------------- By: Barry Rubenstein, Chief Executive Officer WHEATLEY MANAGEMENT, LTD. /s/ Irwin Lieber --------------------------------------------- By: Irwin Lieber, President - Page 21 of 24 - WHEATLEY PARTNERS, LLC /s/ Barry Rubenstein --------------------------------------------- By: Barry Rubenstein, Chief Executive Officer /s/ Barry Fingerhut Barry Fingerhut /s/ Barry Rubenstein --------------------------------------------- Barry Rubenstein /s/ Irwin Lieber --------------------------------------------- Irwin Lieber /s/ Seth Lieber --------------------------------------------- Seth Lieber /s/ Matthew Smith --------------------------------------------- Matthew Smith /s/ Jonathan Lieber --------------------------------------------- Jonathan Lieber Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) - Page 22 of 24 - Exhibit A JOINT FILING AGREEMENT In accordance with Rule 13d-1(f) under the Securities Exchange Act, as amended, the undersigned hereby agree to the joint filing on behalf of each of them on a statement on Schedule 13G (including amendments thereto) with respect to the Common Stock, $0. 01 par value per share, of UOL Publishing, Inc. and that this Agreement be included as an Exhibit to such joint filing. IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 7th day of February, 1997. Date: WHEATLEY PARTNERS, L.P. By: Wheatley Partners, LLC, General Partner S/Barry Rubenstein --------------------------------------------- By: Barry Rubenstein Chief Executive Officer WHEATLEY FOREIGN PARTNERS, L.P. By: Wheatley Partners, LLC, General Partner S/Barry Rubenstein --------------------------------------------- By: Barry Rubenstein Chief Executive Officer WHEATLEY MANAGEMENT, LTD S/Irwin Lieber --------------------------------------------- By: Irwin Lieber, President - Page 23 of 24 - WHEATLEY PARTNERS LLC S/Barry Rubenstein --------------------------------------------- By: Barry Rubenstein S/Barry Fingerhut --------------------------------------------- Barry Fingerhut S/Barry Rubenstein --------------------------------------------- Barry Rubenstein S/Irwin Lieber --------------------------------------------- Irwin Lieber S/Seth Lieber --------------------------------------------- Seth Lieber S/Matthew Smith --------------------------------------------- Matthew Smith S/Jonathan Lieber --------------------------------------------- Jonathan Lieber - Page 24 of 24 - -----END PRIVACY-ENHANCED MESSAGE-----