-----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, FGwVpouPnK+Qu2DWLbcelYCk0rhAeRo6oS4j+uk+wwfVNRCT6WtW6m5Z0OvZZGdZ EkhXUvswkM69GJ5kdZ4X7Q== 0001024739-97-000525.txt : 19970912 0001024739-97-000525.hdr.sgml : 19970912 ACCESSION NUMBER: 0001024739-97-000525 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970829 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TEL SAVE HOLDINGS 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: 97673328 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 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BORISLOW DANIEL M CENTRAL INDEX KEY: 0001002057 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 6805 ROUTE 202 CITY: NEW HOPE STATE: PA ZIP: 18938 BUSINESS PHONE: 2158621500 MAIL ADDRESS: STREET 1: 6805 ROUTE 202 CITY: NEW HOPE STATE: PA ZIP: 18938 SC 13D/A 1 AMENDMENT NO. 4 TO SCHEDULE 13D ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (AMENDMENT NO. 4) 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) 879176105 -------------- (CUSIP Number) Daniel Borislow Tel-Save Holdings, Inc. 6805 Route 202 New Hope, PA 18938 (215) 862-1500 ------------------------------------------------- (Name, Address, and Telephone Number of Persons Authorized to Receive Notices and Communications) August 27, 1997 ------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition 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 2 of 4 - -------------------------------------------------------------------------------- 1) Name of Reporting Persons. S.S. or I.R.S. Identification No. of Above Persons: Daniel Borislow - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group: (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3) SEC Use only - -------------------------------------------------------------------------------- 4) Source of Funds: Not Applicable - -------------------------------------------------------------------------------- 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 Shares 7) Sole Voting Power: 16,261,540* Beneficially Owned --------------------------------------------- by Each Reporting 8) Shared Voting Power: 8,640,000 Person with: --------------------------------------------- 9) Sole Dispositive Power: 15,249,000* --------------------------------------------- 10) Shared Dispositive Power: 1,200,000 - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 24,901,540 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares: [ ] - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 37.9% - -------------------------------------------------------------------------------- 14) Type of Reporting Person: IN - -------------------------------------------------------------------------------- - -------------------- * Subject to the restrictions previously described in Item 5 of this Schedule 13D. Page 3 of 4 This Amendment No. 4 amends Item 6 of the Schedule 13D of the Reporting Person. Capitalized terms used herein without definitions have the meanings set forth in the Reporting Person's Schedule 13D, as amended by Amendments No. 1 through 3 thereto. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Item 6 is hereby amended as follows: The Company has entered into a short term credit facility, dated as of August 25, 1997, with Salomon Brothers Holding Company Inc, pursuant to which it may borrow up to $150 million, including up to $130 million to finance the purchase by the Company of the outstanding 12-1/4% Senior Subordinated Discount Notes due 2006 (the Shared Tech Notes) of a subsidiary of Shared Technologies Fairchild Inc. (Shared Tech) and up to $20 million for working capital purposes. The facility has a term of 364 days and is secured by a pledge of the Company's assets. In addition, the facility is secured by a pledge of the Reporting Person's Common Stock. Page 4 of 4 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: August 29, 1997 /s/ Daniel Borislow - ------------------------ Daniel Borislow -----END PRIVACY-ENHANCED MESSAGE-----