4 1 a2093088z4.txt FORM 4

-------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION ----------------------------- FORM 4 WASHINGTON, D.C. 20549 OMB APPROVAL -------- /----------------------------- /X/ CHECK THIS BOX IF NO STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB NUMBER: 3235-0287 LONGER SUBJECT TO EXPIRES: JANUARY 31, 2005 SECTION 16. FORM 4 OR Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, ESTIMATED AVERAGE BURDEN FORM 5 OBLIGATIONS MAY Section 17(a) of the Public Utility Holding Company Act of 1935 or HOURS PER RESPONSE .... 0.5 CONTINUE. SEE Section 30(f) of the Investment Company Act of 1940 ----------------------------- INSTRUCTION 1(b). (Print or Type Responses) ------------------------------------------------------------------------------------------------------------------------------------ 1. Name and Address of Reporting Person* 2. Issuer Name AND Ticker or Trading Symbol 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner RGC International Investors, LDC Learn2 Corporation (LTWC) ~~Director X 10% Owner~~ ---- ---- --------------------------------------------------------------------------------------------- Officer (give Other (Last) (First) (Middle) 3. I.R.S. orIdentification ~~Social~~ 4. Statement for ---- title ---- (specify c/o Rose Glen Capital Management, L.P. ~~Security~~ Number of Reporting Month/Day/Year below) below) 3 Bala Plaza East, Suite 501 ofPerson, ~~Reporting~~if an entity ----------------- ------------------ 251 St. Asaphs Road ~~Person~~ (~~Voluntary~~voluntary) ~~September~~November 56, 2002 -------------------------------------------- Page 1 of 3 --------------------- 7. Individual or Joint/Group Filing (Street) ~~Page 1 of 3~~ 5. If Amendment, (Check Applicable Line) Date of Original ~~___~~___Form ~~Form~~ filed by One Reporting Person (Month/Day/Year) X_X_Form ~~Form~~ filed by More than One Bala Cynwyd PA 19004 ~~---~~ Reporting Person ------------------------------------------------------------------------------------------------------------------------------------ (City) (State) (Zip) TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of 2. Trans- 2A. Deemed 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature Security action Execution action or Disposed of (D) Securities ship of In- (Instr. 3) Date Date, Code (Instr. 3, 4 and 5) Beneficially Form: direct if any (Instr. 8) Owned Follow- Direct Bene- (Month/ (Month/ ~~Following~~ing Reported (D) or ficial Day/ Day/ ------------------------------------------ ~~Reported~~Transaction(s) Indirect Owner- Year) Year) (A) ~~Transaction(s) (I) ship~~ or (Instr. 3 (I) ship Code V Amount (D) Price and 4) (Instr. 4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 0911/0506/02 S 104,~~000~~049,300 D $0.~~0600~~0898 106,~~542~~492,~~042~~742 D* ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------

FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ----------------------------------------------------------------------------------------------------------------------------------- 1. Title of Derivative Security 2. Conver- 3. Trans- 3A. Deemed 4. Transac- 5. Number of Deriv- 6. Date Exer- (Instr. 3) sion or action Execution tion Code ative Securities Ac- cisable and Ex- Exercise Date Date, (Instr. 8) quired (A) or Dis- piration Date Price of (Month/ if any posed of (D) (Month/Day/ Deriv- Day/ (Month/ (Instr. 3, 4, and 5) Year) ative Year) Day/ Security Year) -------------------------------------- ---------------- Date Expira- Exer- tion Code V (A) (D) cisable Date ----------------------------------------------------------------------------------------------------------------------------------- NONE ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- 7. Title and Amount of ~~Under-~~ 8. Price of 9. Number of 10. ~~Owner-~~Ownership 11. Nature ~~lying~~of Underlying Securities ofDerivative ofDerivative ~~Deriv-~~Form ~~ship~~ of ~~In-~~Indirect (Instr. 3 and 4) ~~Deriv-~~Security ~~ative~~Securities ~~Form~~Derivative ~~direct~~Beneficial ~~ative~~(Instr. ~~Securi-~~5) ofBeneficially ~~De-~~Securities: ~~Bene-~~Ownership ~~Secur-~~Owned ~~ties~~Direct ~~rivative~~(D) ~~ficial~~or ~~ity Bene- Secu- Own-~~ (Instr. ~~ficially~~4) ~~rity:~~Following ~~ership~~Indirect 5(I) ~~Owned~~Reported ~~Direct~~ (Instr. 4) Transaction(s) ----------------------- ~~Following~~ (DInstr. 4) or Title Amount or ~~Reported Indi-~~ Number of ~~Transaction(s) rect (I)~~ Shares ~~(Instr. 4)~~ ----------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- Explanation of Responses: * The Common Stock is owned directly by RGC International Investors, LDC ("RGC"), a private investment fund. Rose Glen Capital Management, L.P. ("Rose Glen") is the investment manager of RGC. RGC General Partner Corp. ("Partner") is the general partner of Rose Glen. Rose Glen and Partner disclaim beneficial ownership of the Common Stock, except to the extent of their pecuniary interest. ~~Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. *If the form is filed by more than one person, see Instruction 4(b)(v).~~ /s/ Steven B. Katznelson ~~September~~November 68, 2002 ----------------------------------- ----------------- **Intentional misstatements or omissions of facts constitute **Signature of Reporting Person Date ~~Federal Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78f f(a).~~ RGC International Investors, LDC By: Rose Glen Capital Management, L.P. By: RGC General Partner Corp. By: Steven B. Katznelson, Managing Director Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one person, SEE Instruction 4(b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, SEE Instruction 6 for procedure.

Additional Filing Persons: Nature of Ownership: Rose Glen Capital Management, L.P. Indirect* 3 Bala Plaza East, Suite 501 251 St. Asaphs Road Bala Cynwyd, PA 19004 RGC General Partner Corp. Indirect* 3 Bala Plaza East, Suite 501 251 St. Asaphs Road Bala Cynwyd, PA 19004 Designated Filer: RGC International Investors, LDC Issuer and Trading Symbol: Learn2 Corporation, LTWC Signatures /s/ Steven B. Katznelson /s/ Steven B. Katznelson ----------------------------------- -------------------------------- Rose Glen Capital Management, L.P. RGC General Partner Corp. By: RGC General Partner Corp. By: Steven B. Katznelson By: Steven B. Katznelson Managing Director Managing Director

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