-----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, EiWfpMsPlslNCHz6NYFISZaGsJv9hjQimnoY2SvXPRsCuiZq33J7PY4hIqqqsEuN KuKmeAYKyaxG6iPvTS9o/Q== 0001005477-97-001679.txt : 19970617 0001005477-97-001679.hdr.sgml : 19970617 ACCESSION NUMBER: 0001005477-97-001679 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970616 SROS: NASD GROUP MEMBERS: APPLEWOOD ASSOCIATES L P GROUP MEMBERS: APPLEWOOD ASSOCIATES, L.P. GROUP MEMBERS: APPLEWOOD CAPITAL CORP. GROUP MEMBERS: BARRY FINGERHUT GROUP MEMBERS: BARRY RUBENSTEIN GROUP MEMBERS: BRIAN RUBENSTEIN GROUP MEMBERS: IRWIN LIEBER GROUP MEMBERS: JONATHAN LIEBER GROUP MEMBERS: MARILYN RUBENSTEIN GROUP MEMBERS: SETH LIEBER GROUP MEMBERS: THE MARILYN AND BARRY RUBENSTEIN FAMILY FOUNDATION GROUP MEMBERS: THE RUBENSTEIN FAMILY LIMITED PARTNERSHIP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRIDENT ROWAN GROUP INC CENTRAL INDEX KEY: 0000028367 STANDARD INDUSTRIAL CLASSIFICATION: MOTORCYCLES, BICYCLES & PARTS [3751] IRS NUMBER: 520466460 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-08854 FILM NUMBER: 97624652 BUSINESS ADDRESS: STREET 1: 2 WORLDS FAIR DR STREET 2: 107 MONMOUTH ST CITY: SOMERSET STATE: NJ ZIP: 08873 BUSINESS PHONE: 9088427200 MAIL ADDRESS: STREET 1: 2 WORLDS FAIR DR STREET 2: 107 MONMOUTH ST CITY: SOMERSET STATE: NJ ZIP: 08873 FORMER COMPANY: FORMER CONFORMED NAME: DETOMASO INDUSTRIES INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ROWAN INDUSTRIES INC DATE OF NAME CHANGE: 19731118 FORMER COMPANY: FORMER CONFORMED NAME: ROWAN CONTROLLER CO DATE OF NAME CHANGE: 19681017 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: APPLEWOOD ASSOCIATES L P CENTRAL INDEX KEY: 0000885787 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 68 WHEATLEY RD CITY: BROOKVILLE STATE: NY ZIP: 11545 BUSINESS PHONE: 2127358600 SC 13D 1 SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 S C H E D U L E 13D Under the Securities Exchange Act of 1934 TRIDENT ROWAN GROUP, INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, $0.01 PAR VALUE - -------------------------------------------------------------------------------- (Title of Class of Securities) 89614K-10-6 ------------------ (CUSIP Number) Copy to: Applewood Associates, L.P. Stephen A. Cohen, Esq. 68 Wheatley Road Morrison Cohen Singer & Weinstein, LLP Brookville, New York 11545 750 Lexington Avenue Telephone (516) 626-3070 New York, New York 10022 Telephone (212) 735-8600 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) June 6, 1997 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing 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 space__. NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. * 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 disclosures provided in a prior cover page. The information required on 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). (Continued on following page(s)) Page 1 of 28 Pages CUSIP No. 89614K-10-6 13D ================================================================================ 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 Source of Funds* WC, OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Item 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization New York - -------------------------------------------------------------------------------- 7 Sole Voting Power 140,000 shares 2.7% Number of ----------------------------------------------------------------- Shares 8 Shared Voting Power Beneficially 73,000 shares 1.4% Owned By ----------------------------------------------------------------- Each 9 Sole Dispositive Power Reporting 140,000 shares 2.7% Person ----------------------------------------------------------------- With 10 Shared Dispositive Power 73,000 shares 1.4% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 213,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 4.1% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 28 Pages CUSIP No. 89614K-10-6 13D ================================================================================ 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 Source of Funds* PF, WC, OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Item 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power 50,000 shares 1.0% Number of ----------------------------------------------------------------- Shares 8 Shared Voting Power Beneficially 423,000 shares 8.0% Owned By ----------------------------------------------------------------- Each 9 Sole Dispositive Power Reporting 50,000 shares 1.0% Person ----------------------------------------------------------------- With 10 Shared Dispositive Power 423,000 shares 8.0% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 473,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 9.0% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 28 Pages CUSIP No. 89614K-10-6 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Marilyn Rubenstein - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* WC, OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Item 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power 0 shares 0% Number of ----------------------------------------------------------------- Shares 8 Shared Voting Power Beneficially 213,000 shares 4.1% Owned By ----------------------------------------------------------------- Each 9 Sole Dispositive Power Reporting 0 shares 0% Person ----------------------------------------------------------------- With 10 Shared Dispositive Power 213,000 shares 4.1% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 213,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 4.1% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 4 of 28 Pages CUSIP No. 89614K-10-6 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person The Rubenstein Family Limited Partnership - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* WC, OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Item 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization New York - -------------------------------------------------------------------------------- 7 Sole Voting Power 20,000 shares 0.4% Number of ----------------------------------------------------------------- Shares 8 Shared Voting Power Beneficially 193,000 shares 3.7% Owned By ----------------------------------------------------------------- Each 9 Sole Dispositive Power Reporting 20,000 shares 0.4% Person ----------------------------------------------------------------- With 10 Shared Dispositive Power 193,000 shares 3.7% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 213,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 4.1% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 5 of 28 Pages CUSIP No. 89614K-10-6 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person The Marilyn and Barry Rubenstein Family Foundation - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Item 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization New York - -------------------------------------------------------------------------------- 7 Sole Voting Power 0 shares 0% Number of ----------------------------------------------------------------- Shares 8 Shared Voting Power Beneficially 0 shares 0% Owned By ----------------------------------------------------------------- Each 9 Sole Dispositive Power Reporting 0 shares 0% Person ----------------------------------------------------------------- With 10 Shared Dispositive Power 0 shares 0% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 0 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 0% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* OO ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 6 of 28 Pages CUSIP No. 89614K-10-6 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Brian Rubenstein - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* PF, OO - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Item 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power 3,000 shares 0.1% Number of ----------------------------------------------------------------- Shares 8 Shared Voting Power Beneficially 0 shares 0% Owned By ----------------------------------------------------------------- Each 9 Sole Dispositive Power Reporting 3,000 shares 0.1% Person ----------------------------------------------------------------- With 10 Shared Dispositive Power 0 shares 0% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 3,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 0.1% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 7 of 28 Pages CUSIP No. 89614K-10-6 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Applewood Associates, L.P. - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* WC - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Item 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization New York - -------------------------------------------------------------------------------- 7 Sole Voting Power 260,000 shares 5.0% Number of ----------------------------------------------------------------- Shares 8 Shared Voting Power Beneficially 0 shares 0% Owned By ----------------------------------------------------------------- Each 9 Sole Dispositive Power Reporting 260,000 shares 5.0% Person ----------------------------------------------------------------- With 10 Shared Dispositive Power 0 shares 0% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 260,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 5.0% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 8 of 28 Pages CUSIP No. 89614K-10-6 13D ================================================================================ 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 Source of Funds* WC, PF - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Item 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power 20,000 shares 0.4% Number of ----------------------------------------------------------------- Shares 8 Shared Voting Power Beneficially 260,000 shares 5.0% Owned By ----------------------------------------------------------------- Each 9 Sole Dispositive Power Reporting 20,000 shares 0.4% Person ----------------------------------------------------------------- With 10 Shared Dispositive Power 260,000 shares 5.0% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 280,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 5.4% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 9 of 28 Pages CUSIP No. 89614K-10-6 13D ================================================================================ 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 Source of Funds* WC, PF - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Item 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power 20,000 shares 0.4% Number of ----------------------------------------------------------------- Shares 8 Shared Voting Power Beneficially 260,000 shares 5.0% Owned By ----------------------------------------------------------------- Each 9 Sole Dispositive Power Reporting 20,000 shares 0.4% Person ----------------------------------------------------------------- With 10 Shared Dispositive Power 260,000 shares 5.0% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 280,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 5.4% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 10 of 28 Pages CUSIP No. 89614K-10-6 13D ================================================================================ 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Applewood Capital Corp. - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* WC - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Item 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization New York - -------------------------------------------------------------------------------- 7 Sole Voting Power 0 shares 0% Number of ----------------------------------------------------------------- Shares 8 Shared Voting Power Beneficially 260,000 shares 5.0% Owned By ----------------------------------------------------------------- Each 9 Sole Dispositive Power Reporting 0 shares 0% Person ----------------------------------------------------------------- With 10 Shared Dispositive Power 260,000 shares 5.0% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 260,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 5.0% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* CO ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 11 of 28 Pages CUSIP No. 89614K-10-6 13D ================================================================================ 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 Source of Funds* WC - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Item 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power 0 shares 0% Number of ----------------------------------------------------------------- Shares 8 Shared Voting Power Beneficially 260,000 shares 5.0% Owned By ----------------------------------------------------------------- Each 9 Sole Dispositive Power Reporting 0 shares 0% Person ----------------------------------------------------------------- With 10 Shared Dispositive Power 260,000 shares 5.0% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 260,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 5.0% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 12 of 28 Pages CUSIP No. 89614K-10-6 13D ================================================================================ 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 Source of Funds* WC - -------------------------------------------------------------------------------- 5 Check Box if Disclosure of Legal Proceedings is Required |_| Pursuant to Item 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power 0 shares 0% Number of ----------------------------------------------------------------- Shares 8 Shared Voting Power Beneficially 260,000 shares 5.0% Owned By ----------------------------------------------------------------- Each 9 Sole Dispositive Power Reporting 0 shares 0% Person ----------------------------------------------------------------- With 10 Shared Dispositive Power 260,000 shares 5.0% - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 260,000 shares - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 5.0% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 13 of 28 Pages This statement, dated as of June 6, 1997, relates to the reporting persons' ownership of shares of Common Stock and Redeemable Common Stock Purchase Warrants of Trident Rowan Group, Inc. (the "Issuer"). On June 5, 1997, the Issuer offered 1,250,000 shares of Common Stock and 1,250,000 Redeemable Common Stock Purchase Warrants to the public in a public offering (the "Offering"). ITEM 1. Security and Issuer (a) Common Stock, $0.01 par value per share (the "Common Stock") (CUSIP No. 89614K-10-6). (b) Redeemable Common Stock Purchase Warrant (the "Warrant"), expiring on June 5, 2002, entitling the holder thereof to purchase one share of Common Stock at $7.20 per share (subject to adjustment in certain circumstances), exercisable as of June 5, 1997, the date of the Prospectus included in the Registration Statement registering the Common Stock and Warrants of the Issuer (CUSIP No. 89614K-11-4). (c) Trident Rowan Group, Inc. Two Worlds Fair Drive Franklin Township Somerset, New Jersey 08873 ITEM 2. Identity and Background 1. (a) Woodland Partners, a general partnership organized under the laws of the State of New York. (b) Address: 68 Wheatley Road Brookville, New York 11545 (c) Principal Business: Investments. (d) No. (e) No. The general partners of Woodland Partners are Barry Rubenstein and Marilyn Rubenstein (husband and wife). 2. (a) Barry Rubenstein, a general partner of Woodland Partners, The Rubenstein Family Limited Partnership and Applewood Associates, L.P., a Trustee of The Marilyn and Barry Rubenstein Family Foundation, and a shareholder, an officer and director of Applewood Capital Corp. (b) Address: 68 Wheatley Road Brookville, New York 11545 Page 14 of 28 Pages (c) Principal Occupation: General Partner of partnerships and limited partnerships engaged in the investment business. (d) No. (e) No. (f) Citizenship: United States Barry Rubenstein is the husband of Marilyn Rubenstein and the father of Brian Rubenstein. 3. (a) Marilyn Rubenstein, a general partner of Woodland Partners and The Rubenstein Family Limited Partnership, and a Trustee of The Marilyn and Barry Rubenstein Family Foundation. (b) Address: 68 Wheatley Road Brookville, New York 11545 (c) Principal Occupation: Housewife (d) No. (e) No. (f) Citizenship: United States Marilyn Rubenstein is the wife of Barry Rubenstein and the mother of Brian Rubenstein. 4. (a) The Rubenstein Family Limited Partnership, a limited partnership organized under the laws of the State of New York (the "Rubenstein Partnership"). (b) Address: 68 Wheatley Road Brookville, New York 11545 (c) Principal Business: Investments. (d) No. (e) No. Barry Rubenstein and Marilyn Rubenstein are the two general partners of the Rubenstein Partnership. 5. (a) The Marilyn and Barry Rubenstein Family Foundation, an organization which is exempt from federal income taxation pursuant to Section 501(a) of the Internal Revenue Code of 1986, as amended (the "Foundation"). Page 15 of 28 Pages (b) Address: 68 Wheatley Road Brookville, New York 11545 (c) Principal Business: Charitable Foundation. (d) No. (e) No. Barry Rubenstein, Marilyn Rubenstein, and Brian Rubenstein are the Trustees of the Foundation. 6. (a) Brian Rubenstein, one of the Trustees of The Marilyn and Barry Rubenstein Family Foundation. (b) Address: 68 Wheatley Road Brookville, New York 11545 (c) Principal Occupation: Corporate Finance Staff Analyst (d) No. (e) No. (f) Citizenship: United States. Brian Rubenstein is the son of Barry Rubenstein and Marilyn Rubenstein. 7. (a) Applewood Associates, L.P., a limited partnership organized under the laws of the State of New York ("Applewood"). (b) Address: c/o Applewood Capital Corp. 68 Wheatley Road Brookville, New York 11545 (c) Principal Business: Investments. (d) No. (e) No. The general partners of Applewood are Applewood Capital Corp., Barry Rubenstein, Irwin Lieber and Barry Fingerhut. 8. (a) Irwin Lieber, a general partner of Applewood and a shareholder, an officer and director of Applewood Capital Corp. Page 16 of 28 Pages (b) Address: 767 Fifth Avenue New York, New York 10153 (c) Principal Occupation: Investment advisor. (d) No. (e) No. (f) Citizenship: United States 9. (a) Barry Fingerhut, a general partner of Applewood and a shareholder, an officer and director of Applewood Capital Corp. (b) Address: 767 Fifth Avenue New York, New York 10153 (c) Principal Occupation: Investment advisor. (d) No. (e) No. (f) Citizenship: United States 10. (a) Applewood Capital Corp., a corporation organized under the laws of the State of New York ("AC Corp."). (b) Address: c/o Barry Rubenstein 68 Wheatley Road Brookville, New York 11545 (c) Principal Occupation: Investments. (d) No. (e) No. AC Corp. is a general partner of Applewood. 11. (a) Jonathan Lieber, is an officer of AC Corp. (b) Address: 767 Fifth Avenue New York, New York 10153 (c) Principal Occupation: Investments. Page 17 of 28 Pages (d) No. (e) No. (f) Citizenship: United States 12. (a) Seth Lieber, is an officer of AC Corp. (b) Address: 767 Fifth Avenue New York, New York 10153 (c) Principal Occupation: Investments. (d) No. (e) No. (f) Citizenship: United States ITEM 3. Source and Amounts of Funds or Other Consideration The individual reporting persons obtained funds for the purchase of the Common Stock and Warrants from their respective personal funds, working capital and/or other funds, the partnerships and corporation obtained funds for the purchase of the Common Stock and Warrants from their respective working capital and/or other funds and the Foundation obtained funds for the purchase of the Common Stock and Warrants from its other funds. The amount of funds used in making the purchases of the Common Stock and Warrants in the Offering and in the over-the-counter market are set forth below: Page 18 of 28 Pages Name Amount of Consideration ---- ----------------------- Woodland Partners $ 547,500 Barry Rubenstein Rollover IRA $ 303,125 The Rubenstein Family Limited Partnership $ 61,000 The Marilyn and Barry Rubenstein Family Foundation $ 152,500 Brian Rubenstein $ 18,300 Applewood Associates, L.P. $1,261,250 Irwin Lieber $ 115,000 Barry Fingerhut $ 115,000 ITEM 4. Purpose of Transaction. The reporting persons acquired their shares for purposes of investment. The reporting persons do not have any plans or proposals which relate to or would result in any of the actions set forth in subparagraphs (a) through (j) of Item 4 of the Schedule 13D. ITEM 5. Interests in Securities of Issuer. (a) The following list sets forth the aggregate number and percentage (based on 5,152,540 shares of Common Stock outstanding as reported by the Issuer in its Prospectus, dated June 5, 1997, and does not include the 187,500 shares of Common Stock and 187,500 Warrants issuable upon the exercise of the underwriter's over-allotment option) of outstanding shares of Common Stock beneficially owned by each reporting person named in Item 2, as of June 9, 1997: Page 19 of 28 Pages Shares of Percentage of Shares Common Stock of Common Stock Name Beneficially Owned(1) Beneficially Owned(1) - ---- --------------------- --------------------- Woodland Partners 213,000(2)(3) 4.1% Barry Rubenstein 473,000(2)(4) 9.0% Marilyn Rubenstein 213,000(2)(3) 4.1% The Rubenstein Family Limited Partnership 213,000(2)(3) 4.1% The Marilyn and Barry Rubenstein Family Foundation 0 0% Brian Rubenstein 3,000 0.4% Applewood Associates, L.P. 260,000(5) 5.0% Barry Fingerhut 280,000(2)(5)(6) 5.4% Irwin Lieber 280,000(2)(5)(6) 5.4% Applewood Capital Corp. 260,000(2)(5) 5.0% Seth Lieber 260,000(2)(5) 5.0% Jonathan Lieber 260,000(2)(5) 5.0% - ---------- 1 Includes shares of Common Stock issuable upon the exercise of the Warrants. 2 The reporting person disclaims beneficial ownership of these securities, except to the extent of his, hers or its equity interest therein. 3 Includes 153,000 shares of Common Stock and 60,000 shares of Common Stock issuable upon the exercise of the Warrants. 4 Includes 353,000 shares of Common Stock and 120,000 shares of Common Stock issuable upon the exercise of the Warrants. 5 Includes 200,000 shares of Common Stock and 60,000 shares of Common Stock issuable upon the exercise of the Warrants. 6 Includes 20,000 shares of Common Stock. (b) Woodland Partners has sole power to vote and to dispose of 90,000 shares of Common Stock and 50,000 shares of Common Stock issuable upon the exercise of the Warrants, representing approximately 2.7% of the outstanding Common Stock, and may be deemed to have shared power to vote and to dispose of 63,000 shares of Common Stock and 10,000 shares of Common Stock issuable upon the exercise of Warrants, representing approximately 1.4% of the outstanding Common Stock. Barry Rubenstein, by virtue of being a general partner of Woodland Partners, Applewood Associates, and the Rubenstein Partnership, husband of Marilyn Rubenstein, father of Brian Rubenstein and a shareholder, an officer and director of AC Corp., may be deemed to have shared power to vote and to dispose of 303,000 shares of Common Stock and 120,000 shares of Common Stock issuable upon the exercise of Warrants, representing approximately 8.0% of the outstanding Common Stock. Barry Rubenstein has sole power to vote and to dispose of 50,000 shares of Common Stock currently held in his Rollover IRA account, representing approximately 1.0% of the outstanding Common Stock. Marilyn Rubenstein, by virtue of being a general partner of Woodland Partners and the Rubenstein Partnership, wife of Barry Rubenstein and mother of Brian Rubenstein, may be deemed to have shared power to vote and to dispose of 153,000 shares of Common Stock and 60,000 shares of Common Stock issuable upon the exercise of the Warrants, representing approximately 4.1% of the outstanding Common Stock. Page 20 of 28 Pages The Rubenstein Partnership has the sole power to vote and to dispose of 10,000 shares of Common Stock and 10,000 shares of Common Stock issuable upon the exercise of the Warrants, and may be deemed to have shared power to vote and to dispose of 143,000 shares of Common Stock and 50,000 shares of Common Stock issuable upon the exercise of the Warrants. Brian Rubenstein has the sole power to vote and to dispose of 3,000 shares of Common Stock, representing approximately 0.1% of the outstanding Common Stock. Applewood Associates, L.P. has sole power to vote and to dispose of 200,000 shares of Common Stock and 60,000 shares of Common Stock issuable upon the exercise of Warrants, representing approximately 5.0% of the outstanding Common Stock. Barry Fingerhut, by virtue of being a general partner of Applewood and a shareholder, an officer and director of AC Corp., may be deemed to have shared power to vote and to dispose of 200,000 shares of Common Stock and 60,000 shares of Common Stock issuable upon the exercise of the Warrants, representing approximately 5.0% of the outstanding Common Stock. Barry Fingerhut has sole power to vote and to dispose of 20,000 shares of Common Stock, representing approximately 0.4% of the outstanding Common Stock. Irwin Lieber, by virtue of being a general partner of Applewood and a shareholder, an officer and director of AC Corp., may be deemed to have shared power to vote and to dispose of 200,000 shares of Common Stock and 60,000 shares of Common Stock issuable upon the exercise of the Warrants, representing approximately 5.0% of the outstanding Common Stock. Irwin Lieber has sole power to vote and to dispose of 20,000 shares of Common Stock, representing approximately 0.4% of the outstanding Common Stock. Applewood Capital may be deemed to have shared power to vote and to dispose of 200,000 shares of Common Stock, and 60,000 shares of Common Stock issuable upon the exercise of the Warrants, representing approximately 5.0% of the outstanding Common Stock. Jonathan Lieber, by virtue of being an officer of AC Corp., may be deemed to have shared power to vote and to dispose of 200,000 shares of Common Stock and 60,000 shares of Common Stock issuable upon the exercise of the Warrants, representing approximately 5.0% of the outstanding Common Stock. Seth Lieber, by virtue of being an officer of AC Corp., may be deemed to have shared power to vote and to dispose of 200,000 shares of Common Stock and 60,000 shares of Common Stock issuable upon the exercise of the Warrants, representing approximately 5.0% of the outstanding Common Stock. Page 21 of 28 Pages (c) The following is a description of all transactions in shares of Common Stock of the Issuer by the persons identified in Item 2 of this Schedule 13D effected from April 6, 1997 through June 9, 1997, inclusive: Number of shares of Purchase or Common Stock(C) Sales Price Purchase or or Warrants(W) Per Share or Name of Shareholder Sale Date Purchased or (Sold) Per Warrant - ------------------- --------- ------------------- ----------- Woodland Partners 6/6/97 50,000(C)* $6.00 6/6/97 50,000(W)* $0.10 6/6/97 40,000(C)** $6.06 The Rubenstein 6/6/97 10,000(C)* $6.00 Family L.P. 6/6/97 10,000(W)* $0.10 The Marilyn and Barry 6/6/97 25,000(C)* $6.00 Rubeinstein Family 6/6/97 25,000(W)* $0.10 Foundation 6/6/97 (25,000)(C)** $6.00 6/6/97 (25,000)(W)** $ .94 Brian Rubenstein 6/6/97 3,000(C)* $6.00 6/6/97 3,000(W)* $0.10 6/6/97 (3,000)(W)** $ .94 Applewood Associates, L.P. 6/6/97 200,000(C)** $6.06 6/6/97 60,000(W)** $ .81 Barry Rubenstein 6/6/97 50,000(C)** $6.06 R/O IRA Irwin Lieber 6/9/97 20,000(C)** $5.75 Barry Fingerhut 6/9/97 20,000(C)** $5.75 * The shares of Common Stock or Warrants were purchased in the Offering. ** The shares of Common Stock or Warrants were purchased or sold in the over-the-counter market. (d) No other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of such securities. (e) Not applicable. Page 22 of 28 Pages ITEM 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer (a) Woodland Partners is a general partnership established and governed by New York law and a partnership agreement. Pursuant to such agreement, voting and investment power over the shares of Common Stock held by Woodland Partners is vested in its general partners - Barry Rubenstein and Marilyn Rubenstein. (b) The Rubenstein Partnership is a limited partnership established and governed by New York law and a partnership agreement. Pursuant to such agreement, voting and investment power over the shares of Common Stock held by the Rubenstein Partnership is vested in its general partners - Barry Rubenstein and Marilyn Rubenstein. The limited partners have no voting or investment power over the Issuer's shares held by the Rubenstein Partnership. (c) The Foundation is a charitable trust organized under the laws of the State of New York. It is exempt from Federal income taxation pursuant to Section 501(a) of the Internal Revenue Code of 1986, as amended (the "Code"), as an organization described in Section 501(c)(3) of the Code. Pursuant to a trust agreement, voting and investment power over the shares of the Common Stock held by the Foundation is vested in its trustees - Barry Rubenstein, Marilyn Rubenstein and Brian Rubenstein. (d) Except for the circumstances discussed or referred to in paragraph (a) through (c) above, there are no contracts, arrangements, understandings, or relationships with respect to the securities of the Issuer among any of the persons reporting in this Schedule 13D. ITEM 7. Material to be Filed as Exhibits Exhibit A - Agreement, dated as of June 16, 1997, among the reporting persons by which they have agreed to file this Schedule 13D and all necessary amendments, as required by Rule 13d-1(f). Exhibit B - Power of Attorney, dated June 16, 1997, appointing Barry Rubenstein as attorney-in-fact for Brian Rubenstein. Page 23 of 28 Pages 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, correct and complete. Date: June 16, 1997 APPLEWOOD ASSOCIATES, L.P. By: /s/ Irwin Lieber ----------------------------- Irwin Lieber, a General Partner APPLEWOOD CAPITAL CORP. By: /s/ Barry Rubenstein ----------------------------- Barry Rubenstein, President /s/ Barry Rubenstein --------------------------------- Barry Rubenstein /s/ Irwin Lieber --------------------------------- Irwin Lieber /s/ Barry Fingerhut --------------------------------- Barry Fingerhut /s/ Jonathan Lieber --------------------------------- Jonathan Lieber /s/ Seth Lieber --------------------------------- Seth Lieber ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). Page 24 of 28 Pages WOODLAND PARTNERS By: /s/ Barry Rubenstein --------------------------------- Barry Rubenstein, a General Partner THE RUBENSTEIN FAMILY LIMITED PARTNERSHIP By: /s/ Barry Rubenstein --------------------------------- Barry Rubenstein , a General Partner THE MARILYN AND BARRY RUBENSTEIN FAMILY FOUNDATION By: /s/ Barry Rubenstein --------------------------------- Barry Rubenstein, a Trustee /s/ Marilyn Rubenstein ------------------------------------- Marilyn Rubenstein * ------------------------------------- Brian Rubenstein * /s/ Barry Rubenstein - ------------------------------------- Barry Rubenstein, Attorney-in-Fact ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). Page 25 of 28 Pages EXHIBIT A JOINT FILING AGREEMENT In accordance with Rule 13d-1(f) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing on behalf of each of them on a statement on Schedule 13D, including amendments thereto, with respect to the Common Stock, $.01 par value per share, of Trident Rowan Group, Inc. and that this Agreement be included as Exhibit to such Schedule. IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 16th day of June, 1997. APPLEWOOD ASSOCIATES, L.P. By: /s/ Irwin Lieber ----------------------------- Irwin Lieber, a General Partner APPLEWOOD CAPITAL CORP. By: /s/ Barry Rubenstein ----------------------------- Barry Rubenstein, President /s/ Barry Rubenstein --------------------------------- Barry Rubenstein /s/ Irwin Lieber --------------------------------- Irwin Lieber /s/ Barry Fingerhut --------------------------------- Barry Fingerhut /s/ Jonathan Lieber --------------------------------- Jonathan Lieber /s/ Seth Lieber --------------------------------- Seth Lieber Page 26 of 28 Pages WOODLAND PARTNERS By: /s/ Barry Rubenstein --------------------------------- Barry Rubenstein, a General Partner THE RUBENSTEIN FAMILY LIMITED PARTNERSHIP By: /s/ Barry Rubenstein --------------------------------- Barry Rubenstein , a General Partner THE MARILYN AND BARRY RUBENSTEIN FAMILY FOUNDATION By: /s/ Barry Rubenstein --------------------------------- Barry Rubenstein, a Trustee /s/ Marilyn Rubenstein ------------------------------------- Marilyn Rubenstein * ------------------------------------- Brian Rubenstein * /s/ Barry Rubenstein - ------------------------------------- Barry Rubenstein, Attorney-in-Fact Page 27 of 28 Pages EXHIBIT B POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears below constitutes and appoints BARRY RUBENSTEIN, his true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all statements and reports required under Section 13(d) of the Securities Exchange Act of 1934, as amended, including, without limitation, Schedule 13D and all amendments of all such statements and/or reports, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission and with such other parties as may be required, granting unto said attorney-in-fact and agent, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent or any of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue thereof. IN WITNESS WHEREOF, I have hereunto set my hand this 16th day of June, 1997. /s/ Brian Rubenstein --------------------------------- Brian Rubenstein Page 28 of 28 Pages -----END PRIVACY-ENHANCED MESSAGE-----