-----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, LjKUXxSJdZQgxKSDovT3J9/N7J3C+YjoT/0Y+u3ecxta19jbxEZHh9gkPilaoZf4 o9LsmwZfn+Q/nYkPmWPm+w== 0001005150-98-001160.txt : 19981120 0001005150-98-001160.hdr.sgml : 19981120 ACCESSION NUMBER: 0001005150-98-001160 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19981119 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TEL SAVE COM INC CENTRAL INDEX KEY: 0000948545 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] IRS NUMBER: 232827736 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-45631 FILM NUMBER: 98755054 BUSINESS ADDRESS: STREET 1: 6805 ROUTE 202 CITY: NEW HOPE STATE: PA ZIP: 18938 BUSINESS PHONE: 2158621500 MAIL ADDRESS: STREET 1: 6805 RIYTE 202 CITY: NEW HOPE STATE: PA ZIP: 18938 FORMER COMPANY: FORMER CONFORMED NAME: TEL SAVE HOLDINGS INC DATE OF NAME CHANGE: 19950726 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FARLEY GEORGE P CENTRAL INDEX KEY: 0001064875 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 6805 ROUTE 202 CITY: NEW HOPE STATE: PA ZIP: 18938 SC 13D/A 1 SCHEDULE 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13D (AMENDMENT NO. 1) Under the Securities Exchange Act of 1934 Tel-Save Holdings, Inc. ----------------------- (Name of Issuer) Common Stock, par value $.01 per share -------------------------------------- (Title of Class of Securities) 879176195 -------------- (CUSIP Number) George P. Farley 6805 Route 202 New Hope, PA 18938 (215) 862-1500 ------------------------------------------------- (Name, Address, and Telephone Number of Persons Authorized to Receive Notices and Communications) November 5, 1998 ------------------------------------------------------ (Date of Even Which Requires Filing of 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(b)(3) or (4), check the following box [ ]. (Page 1 of 4 Pages) CUSIP No. 879176105 13D Page 2 of 4 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON George P. Farley - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS: N/A - -------------------------------------------------------------------------------- 5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION U.S. - -------------------------------------------------------------------------------- NUMBER OF 7) SOLE VOTING POWER 200,286 SHARES ------------------------------------------------------------------ BENEFICIALLY 8) SHARED VOTING POWER 1,200,000 OWNED BY ------------------------------------------------------------------ EACH 9) SOLE DISPOSITIVE POWER 200,286 REPORTING ------------------------------------------------------------------ PERSON WITH 10) SHARED DISPOSITIVE POWER 1,200,000 - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED 1,400,286 BY EACH REPORTING PERSON - -------------------------------------------------------------------------------- 12) CHECK IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 2.9% - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------- Page 3 of 4 Pages This Amendment No. 1 amends the Schedule 13D filed by George P. Farley ("Reporting Person") and the D&K Grantor Retained Annuity Trust (formerly the Borislow Family Grantor Retained Annuity Trust) as follows: Item 4. Purpose of Transaction. - ------- ----------------------- On November 5, 1998, the Reporting Person resigned as trustee of the D&K Grantor Retained Annuity Trust (formerly the Borislow Family Grantor Retained Annuity Trust). Item 5. Interest in Securities of the Issuer. - ------- ------------------------------------- (a) As of the date hereof, the Reporting Person could be deemed to own beneficially an aggregate of 1,400,286 shares of Common Stock (approximately 2.9% of the outstanding shares of Common Stock), which number includes 1,200,000 shares of Common Stock shares beneficially owned by the D&K Charitable Foundation ("Foundation")of which the Reporting Person serves as co-Trustee. (b) The Reporting Person has shared power to vote and dispose of the 1,200,000 shares of Common Stock held by the Foundation, and sole power to vote and dispose of the remaining 200,286 shares of Common Stock that he could be deemed to own beneficially. (c) See Item 4. (d) Not Applicable. (e) As of November 5, 1998 the Reporting Person ceased to be the beneficial owner of more than 5% of the Common Stock. Page 4 of 4 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 17, 1998 \s\ George P. Farley -------------------- George P. Farley -----END PRIVACY-ENHANCED MESSAGE-----