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UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.1)*
Network Peripherals, Inc.
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
64121R100
(CUSIP Number)
December 31, 2000
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
* 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).
Page 1 of 14
CUSIP No. 64121R100 13G
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Seneca Ventures
________________________________________________________________________________
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
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 170,300 shares 1.3%
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 787,500 shares 5.9%
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 170,300 shares 1.3%
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 787,500 shares 5.9%
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
957,800 shares
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.2%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
PN
Page 2 of 14
CUSIP No. 64121R100 13G
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Woodland Venture Fund
________________________________________________________________________________
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
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 290,500 shares 2.2%
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 667,300 shares 5.0%
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 290,500 shares 2.2%
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 667,300 shares 5.0%
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
957,800 shares
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.2%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
PN
Page 3 of 14
CUSIP No. 64121R100 13G
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 232,500 shares 1.7%
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 725,300 shares 5.4%
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 232,500 shares 1.7%
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 725,300 shares 5.4%
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
957,800 shares
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.2%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
PN
Page 4 of 14
CUSIP No. 64121R100 13G
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. 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. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 264,500 shares 2.0%
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 693,300 shares 5.2%
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 264,500 shares 2.0%
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 693,300 shares 5.2%
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
957,800 shares
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.2%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
IN
Page 5 of 14
CUSIP No. 64121R100 13G
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Brookwood 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
New York
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 0 shares 0%
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0 shares 0%
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0 shares 0%
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0 shares 0%
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
957,800 shares
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
PN
Page 6 of 14
CUSIP No. 64121R100 13G
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Marilyn Rubenstein
________________________________________________________________________________
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
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 0 shares 0%
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 957,800 shares 7.2%
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0 shares 0%
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 957,800 shares 7.2%
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
957,800 shares
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.2%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
IN
Page 7 of 14
CUSIP No. 64121R100 13G
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Woodland Services Corp.
________________________________________________________________________________
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
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 0 shares 0%
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 957,800 shares 7.2%
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0 shares 0%
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 957,800 shares 7.2%
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
957,800 shares
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.2%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
CO
Page 8 of 14
________________________________________________________________________________
Item 1(a). Name of Issuer:
Network Peripherals, Inc.
________________________________________________________________________________
Item 1(b). Address of Issuer's Principal Executive Offices:
1371 McCarthy Blvd.
Milipitas, CA 95035
Common Stock, $0.01 per share (CUSIP No. 64121R100)
________________________________________________________________________________
Item 2(a).
1. (a) Name of Person Filing: Seneca Ventures
(b) Address of Principal Business Office, or, if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Citizenship: Not applicable.
(d) Title of Class of Securities:
Common Stock, $0.01 par value per share
(e) CUSIP Number: 64121R100
2. (a) Name of Person Filing: Woodland Venture Fund
(b) Address of Principal Business Office, or, if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Citizenship: Not applicable.
(d) Title of Class of Securities:
Common Stock, $0.01 par value per share
(e) CUSIP Number: 64121R100
3. (a) Name of Person Filing: Woodland Partners
(b) Address of Principal Business Office, or, if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Citizenship: Not applicable.
(d) Title of Class of Securities:
Common Stock, $0.01 par value per share
(e) CUSIP Number: 64121R100
Page 9 of 14
4. (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: 64121R100
5. (a) Name of Person Filing: Brookwood Partners, L.P.
(b) Address of Principal Business Office, or, if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Citizenship: Not applicable.
(d) Title of Class of Securities:
Common Stock, $0.01 par value per share
(e) CUSIP Number: 64121R100
6. (a) Name of Person Filing: Marilyn 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: 64121R100
7. (a) Name of Person Filing: Woodland Services Corp.
(b) Address of Principal Business Office, or, if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Citizenship: Not applicable.
(d) Title of Class of Securities:
Common Stock, $0.01 par value per share
(e) CUSIP Number: 64121R100
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), Check Whether the Person Filing is a:
(a) [_] Broker or dealer registered under Section 15 of the Exchange Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange
Act.
(d) [_] Investment company registered under Section 8 of the Investment
Company Act.
(e) [_] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
Page 10 of 14
(f) [_] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership.
1. Seneca Ventures:
(a) Amount Beneficially Owned: 957,800 (1), (2), (3), (4), (5) shares.
(b) Percent of Class:7.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 170,300(2) shares.
(ii) shared power to vote or to direct the vote: 787,500 (1), (3),
(4), (5) shares.
(iii) sole power to dispose or to direct the disposition of:
170,300(2) shares.
(iv) shared power to dispose or to direct the disposition of:
787,500 (1), (3), (4), (5) shares.
2. Woodland Venture Fund:
(a) Amount Beneficially Owned: 957,800 (1), (2), (3), (4), (5) shares.
(b) Percent of Class:7.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 290,500(3) shares.
(ii) shared power to vote or to direct the vote: 667,300 (1), (2),
(4), (5) shares.
(iii) sole power to dispose or to direct the disposition of:
290,500(3) shares.
(iv) shared power to dispose or to direct the disposition of:
667,300 (1), (2), (4), (5) shares.
3. Woodland Partners:
(a) Amount Beneficially Owned: 957,800 (1), (2), (3), (4), (5) shares.
(b) Percent of Class:7.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 232,500(4) shares.
(ii) shared power to vote or to direct the vote: 725,300 (1), (2),
(3), (5) shares.
(iii) sole power to dispose or to direct the disposition of:
232,500(4) shares.
(iv) shared power to dispose or to direct the disposition of:
725,300 (1), (2), (3), (5) shares.
Page 11 of 14
4. Barry Rubenstein:
(a) Amount Beneficially Owned: 957,800 (1), (2), (3), (4), (5) shares.
Reporting person is a general partner of Seneca Ventures, Woodland
Venture Fund, Woodland Partners and Brookwood Partners, L.P., and an
officer and director of Woodland Services Corp. Mr. Rubenstein is
the husband of Marilyn Rubenstein.
(b) Percent of Class:7.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 264,500(5) shares.
(ii) shared power to vote or to direct the vote: 693,300 (1), (2),
(3), (4) shares.
(iii) sole power to dispose or to direct the disposition of:
264,500(5) shares.
(iv) shared power to dispose or to direct the disposition of:
693,300 (1), (2), (3), (4) shares.
5. Brookwood Partners, L.P.:
(a) Amount Beneficially Owned: 0 shares.
(b) Percent of Class:0%
(c) Number of shares as to which such person has:
(i) sole power to vote or to to direct the vote: 0 shares.
(ii) shared power to vote or to direct the vote: 0 shares.
(iii) sole power to dispose or to direct the disposition of: 0 shares.
(iv) shared power to dispose or to direct the disposition of:
0 shares.
6. Marilyn Rubenstein:
(a) Amount Beneficially Owned: 957,800 (1), (2), (3), (4), (5) Reporting
person is a general partner of Woodland Partners and Brookwood
Partners, L.P., and an officer of Woodland Services Corp. Marilyn
Rubenstein is the wife of Barry Rubenstein.
(b) Percent of Class:7.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0 shares.
(ii) shared power to vote or to direct the vote: 957,800 (1), (2),
(3), (4), (5) shares.
(iii) sole power to dispose or to direct the disposition of: 0 shares.
(iv) shared power to dispose or to direct the disposition of:
957,800 (1), (2), (3), (4), (5) shares.
7. Woodland Services Corp.:
(a) Amount Beneficially Owned: 957,800 (1), (2), (3), (4), (5) shares.
Reporting person is a general
partner of Seneca Ventures and Woodland Venture Fund.
(b) Percent of Class:7.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0 shares.
--------
(1) The reporting person disclaims beneficial ownership of these securities
except to the extent of his/her/its equity interest therein.
(2) Includes 170,300 shares of Common Stock owned by Seneca Ventures.
(3) Includes 290,500 shares of Common Stock owned by Woodland Venture Fund.
(4) Includes 232,500 shares of Common Stock owned by Woodland Partners.
(5) Includes 264,500 shares of Common Stock held by the Barry Rubenstein
Rollover IRA.
Page 12 of 14
(ii) shared power to vote or to direct the vote: 957,800 (1), (2),
(3), (4), (5) shares.
(iii) sole power to dispose or to direct the disposition of:
0 shares.
(iv) shared power to dispose or to direct the disposition of:
957,800(1),(2),(3),(4),(5) shares.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following. |_|
Instruction: Dissolution of a group requires a response to this item.
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.
See Exhibit A for Joint Filing Agreement which was previously filed
with the Schedule 13G, dated April 5, 2000.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certification.
(b) The following certification shall be included if the statement is
filed pursuant to Section 240.13d-1(c):
By signing below each party certifies that, to the best of
his/her/its knowledge and belief, the securities referred to
above were not acquired and are not held for the purpose of or
with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having
that purpose or effect.
Page 13 of 14
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.
Date: February 13, 2001
WOODLAND PARTNERS
By: /s/ Barry Rubenstein
--------------------------------------
Barry Rubenstein, a General Partner
SENECA VENTURES
By: /s/ Barry Rubenstein
--------------------------------------
Barry Rubenstein, a General Partner
WOODLAND VENTURE FUND
By: /s/ Barry Rubenstein
--------------------------------------
Barry Rubenstein, a General Partner
WOODLAND SERVICES CORP.
By: /s/ Barry Rubenstein
--------------------------------------
Barry Rubenstein, President
BROOKWOOD PARTNERS, L.P.
By: /s/ Barry Rubenstein
--------------------------------------
Barry Rubenstein, a General Partner
/s/ Barry Rubenstein
--------------------------------------
Barry Rubenstein
/s/ Marilyn Rubenstein
--------------------------------------
Marilyn Rubenstein
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
Page 14 of 14