-----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, IhpHVZiF2AtBXOAecUURYM9KAL+5pcc5WbzG+eMPTu9dVZhICUPnhPUYgkIlx5nB hkZKB6bm+Jmf7AWslhahbw== 0000902664-97-000399.txt : 19971230 0000902664-97-000399.hdr.sgml : 19971230 ACCESSION NUMBER: 0000902664-97-000399 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971229 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CACHE INC CENTRAL INDEX KEY: 0000350199 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-WOMEN'S CLOTHING STORES [5621] IRS NUMBER: 591588181 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-36377 FILM NUMBER: 97745643 BUSINESS ADDRESS: STREET 1: 1460 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2128404242 MAIL ADDRESS: STREET 1: 1460 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: ATOURS INC DATE OF NAME CHANGE: 19830518 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SAUL ANDREW CENTRAL INDEX KEY: 0001044867 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O SAUL PARTNERS STREET 2: 630 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10111 MAIL ADDRESS: STREET 1: C/O SAUL PARTNERS STREET 2: 630 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10111 SC 13D/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 15)* Cache, Inc. (Name of Issuer) Common Stock, par value $.01 per share (Title of Class of Securities) 127150-30-8 (CUSIP Number) Andrew M. Saul, c/o Cache, Inc., 1460 Broadway, New York, N.Y. 10036 Telephone (212) 575-3200 (Name, address and telephone number of person authorized to receive notices and communications) December 9, 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 [ ]. 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 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 purposes 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 12 PAGES CUSIP No. 127150-30-8 ______________________________________________________________________________ (1) NAME OF REPORTING PERSON: Andrew M. Saul S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ______________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) /x/ (b) / / ______________________________________________________________________________ (3) SEC USE ONLY ______________________________________________________________________________ (4) SOURCE OF FUNDS**: PF ______________________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): / / ______________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION: United States ______________________________________________________________________________ NUMBER OF (7) SOLE VOTING POWER: 2,585,158 SHARES _______________________________________________________________ BENEFICIALLY (8) SHARED VOTING POWER: 306,060 OWNED BY _______________________________________________________________ EACH (9) SOLE DISPOSITIVE POWER: 2,585,158 REPORTING _______________________________________________________________ PERSON WITH (10) SHARED DISPOSITIVE POWER: 306,060 ______________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 2,891,218 ______________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** / / ______________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 31.8% ______________________________________________________________________________ (14) TYPE OF REPORTING PERSON **: IN ______________________________________________________________________________ ** SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 2 OF 12 PAGES CUSIP No. 127150-30-8 ______________________________________________________________________________ (1) NAME OF REPORTING PERSON: Joseph E. Saul S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ______________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) /x/ (b) / / ______________________________________________________________________________ (3) SEC USE ONLY ______________________________________________________________________________ (4) SOURCE OF FUNDS**: PF ______________________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): / / ______________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION: United States ______________________________________________________________________________ NUMBER OF (7) SOLE VOTING POWER: 970,983 SHARES _______________________________________________________________ BENEFICIALLY (8) SHARED VOTING POWER: 1,620,128 OWNED BY _______________________________________________________________ EACH (9) SOLE DISPOSITIVE POWER: 970,983 REPORTING _______________________________________________________________ PERSON WITH (10) SHARED DISPOSITIVE POWER: 1,620,128 ______________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 2,591,111 ______________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** / / ______________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 28.5% ______________________________________________________________________________ (14) TYPE OF REPORTING PERSON **: IN ______________________________________________________________________________ ** SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 3 OF 12 PAGES CUSIP No. 127150-30-8 ______________________________________________________________________________ (1) NAME OF REPORTING PERSON: Trust f/b/o Jennifer B. Saul pursuant to Trust Agreement dated March 28, 1985 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ______________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) /x/ (b) / / ______________________________________________________________________________ (3) SEC USE ONLY ______________________________________________________________________________ (4) SOURCE OF FUNDS**: 00 ______________________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): / / ______________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION: United States ______________________________________________________________________________ NUMBER OF (7) SOLE VOTING POWER: -0- SHARES _______________________________________________________________ BENEFICIALLY (8) SHARED VOTING POWER: 756,314 OWNED BY _______________________________________________________________ EACH (9) SOLE DISPOSITIVE POWER: -0- REPORTING _______________________________________________________________ PERSON WITH (10) SHARED DISPOSITIVE POWER: 756,314 ______________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 756,314 ______________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** / / ______________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.3% ______________________________________________________________________________ (14) TYPE OF REPORTING PERSON **: 00 ______________________________________________________________________________ ** SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 4 OF 12 PAGES CUSIP No. 127150-30-8 ______________________________________________________________________________ (1) NAME OF REPORTING PERSON: Trust f/b/o Kimberly E. Saul pursuant to Trust Agreement dated March 28, 1985 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ______________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) /x/ (b) / / ______________________________________________________________________________ (3) SEC USE ONLY ______________________________________________________________________________ (4) SOURCE OF FUNDS**: 00 ______________________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): / / ______________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION: United States ______________________________________________________________________________ NUMBER OF (7) SOLE VOTING POWER: -0- SHARES _______________________________________________________________ BENEFICIALLY (8) SHARED VOTING POWER: 756,314 OWNED BY _______________________________________________________________ EACH (9) SOLE DISPOSITIVE POWER: -0- REPORTING _______________________________________________________________ PERSON WITH (10) SHARED DISPOSITIVE POWER: 756,314 ______________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 756,314 ______________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** / / ______________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.3% ______________________________________________________________________________ (14) TYPE OF REPORTING PERSON **: 00 ______________________________________________________________________________ ** SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 5 OF 12 PAGES CUSIP No. 127150-30-8 ______________________________________________________________________________ (1) NAME OF REPORTING PERSON: Trust f/b/o Jennifer Saul pursuant to Trust Agreement dated December 18, 1984 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ______________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) /x/ (b) / / ______________________________________________________________________________ (3) SEC USE ONLY ______________________________________________________________________________ (4) SOURCE OF FUNDS**: 00 ______________________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): / / ______________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION: United States ______________________________________________________________________________ NUMBER OF (7) SOLE VOTING POWER: -0- SHARES _______________________________________________________________ BENEFICIALLY (8) SHARED VOTING POWER: 140,530 OWNED BY _______________________________________________________________ EACH (9) SOLE DISPOSITIVE POWER: -0- REPORTING _______________________________________________________________ PERSON WITH (10) SHARED DISPOSITIVE POWER: 140,530 ______________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 140,530 ______________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** / / ______________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.5% ______________________________________________________________________________ (14) TYPE OF REPORTING PERSON **: 00 ______________________________________________________________________________ ** SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 6 OF 12 PAGES CUSIP No. 127150-30-8 ______________________________________________________________________________ (1) NAME OF REPORTING PERSON: Trust f/b/o Kimberly Saul pursuant to Trust Agreement dated December 18, 1984 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ______________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) /x/ (b) / / ______________________________________________________________________________ (3) SEC USE ONLY ______________________________________________________________________________ (4) SOURCE OF FUNDS**: 00 ______________________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): / / ______________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION: United States ______________________________________________________________________________ NUMBER OF (7) SOLE VOTING POWER: -0- SHARES _______________________________________________________________ BENEFICIALLY (8) SHARED VOTING POWER: 140,530 OWNED BY _______________________________________________________________ EACH (9) SOLE DISPOSITIVE POWER: -0- REPORTING _______________________________________________________________ PERSON WITH (10) SHARED DISPOSITIVE POWER: 140,530 ______________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 140,530 ______________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** / / _____________________________________________________________________________) (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.5% ______________________________________________________________________________ (14) TYPE OF REPORTING PERSON **: 00 ______________________________________________________________________________ ** SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 7 OF 12 PAGES CUSIP No. 127150-30-8 ______________________________________________________________________________ (1) NAME OF REPORTING PERSON: Norma G. Saul S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ______________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) /x/ (b) / / ______________________________________________________________________________ (3) SEC USE ONLY ______________________________________________________________________________ (4) SOURCE OF FUNDS**: PF ______________________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): / / ______________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION: United States ______________________________________________________________________________ NUMBER OF (7) SOLE VOTING POWER: 884,900 SHARES _______________________________________________________________ BENEFICIALLY (8) SHARED VOTING POWER: 1,620,128 OWNED BY _______________________________________________________________ EACH (9) SOLE DISPOSITIVE POWER: 884,900 REPORTING _______________________________________________________________ PERSON WITH (10) SHARED DISPOSITIVE POWER: 1,620,128 ______________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 2,505,028 ______________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** / / ______________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 27.6% ______________________________________________________________________________ (14) TYPE OF REPORTING PERSON **: IN ______________________________________________________________________________ ** SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 8 OF 12 PAGES This statement constitutes Amendment No. 15 to the Schedule 13D dated December 11, 1986, as amended on January 8, 1987, January 21, 1987, April 9, 1987, August 20, 1987, September 30, 1987, January 18, 1989, May 11, 1989, October 24, 1991, February 10, 1993, May 9, 1994, September 15, 1994, October 27, 1994, August 22, 1997 and September 11, 1997 (as so amended, the "Schedule 13D"), and is filed by Andrew M. Saul, Joseph E. Saul, Norma G. Saul, Trust f/b/o Jennifer B. Saul pursuant to Trust Agreement dated March 28, 1985 (the "85 J. Saul Trust"), Trust f/b/o Kimberly E. Saul pursuant to Trust Agreement dated March 28, 1985 (the "85 K. Saul Trust"), Trust f/b/o Jennifer Saul pursuant to Trust Agreement dated December 18, 1984 (the "84 J. Saul Trust") and Trust f/b/o Kimberly Saul pursuant to Trust Agreement dated December 18, 1984 (the "84 K. Saul Trust", and together with the 85 J. Saul Trust, the 85 K. Saul Trust and the 84 J. Saul Trust, the "Trusts") (collectively, the "Group Members"), with respect to the common stock, $.01 par value per share (the "Common Stock") of Cache, Inc. (the "Company"), a Florida corporation. Capitalized terms used herein and not otherwise defined in this Amendment have the meanings set forth in the Schedule 13D. Except as specifically provided herein, this Amendment does not modify any of the information previously reported on Schedule 13D. Item 3. Source and Amount of Funds or Other Consideration -------------------------- The net investment cost (including commissions) of the shares of Common Stock purchased since the filing of Schedule 13D is $16.070.46 with respect to the shares purchased by Joseph E. Saul and $453,710.35 with respect to the shares purchased by Norma G. Saul. Item 5. Interest in Securities of the Issuer ------------------------------------ (a) The approximate aggregate percentage of shares of Common Stock reported beneficially owned by each person herein is based on 9,091,338 shares outstanding, which is the total number of shares of Common Stock outstanding as of October 27, 1997, as reflected in the Company's quarterly report on Form 10-Q filed with the Securities and Exchange Commission for the fiscal quarter ended September 27, 1997. PAGE 9 OF 12 PAGES As of the close of business on December 19, 1997: Andrew M. Saul may be deemed to own beneficially 2,891,218 shares of Common Stock (31.8%), if all shares owned by him or issuable pursuant to rights owned by him are deemed outstanding (including the shares owned by the Trusts of which Andrew Saul is a trustee, and the shares owned by the A. Saul Foundation, of which Andrew Saul is a director, but excluding all shares issuable pursuant to rights held by persons other than Andrew Saul, the Trusts of which Andrew Saul is a trustee and the A. Saul Foundation), consisting of (i) 2,585,158 shares of Common Stock owned by Andrew Saul, (ii) 140,530 shares of Common Stock owned by the 85 J. Saul Trust of which Andrew Saul is a trustee, (iii) 140,530 shares of Common Stock owned by the 84 K. Saul Trust of which Andrew Saul is a trustee, and (iv) 25,000 shares of Common Stock owned by the A. Saul Foundation of which A. Saul is a director. Andrew Saul, his wife Denise, and Sidney Silberman comprise the Board of Directors of the A. Saul Foundation and Andrew Saul is its President. Andrew Saul, in his capacity as one of the trustees of the trusts referenced in (ii) and (iii) above, may be deemed to have shared voting power and disposition power over the shares of Common Stock owned by such trusts. Andrew Saul, in his capacity as one of the directors of the A. Saul Foundation, may be deemed to have shared voting power and disposition power over the shares held by such foundation. Andrew Saul disclaims beneficial ownership of the shares not directly owned or under rights owned by him. Joseph E. Saul may be deemed to own beneficially 2,591,111 shares of Common Stock (28.5%), if all shares owned by him or issuable pursuant to rights owned by him are deemed outstanding (including the shares owned by the Trusts of which Joseph Saul is a trustee, and the shares owned by the J. Saul Foundation, of which Joseph Saul is a director, but excluding all shares issuable pursuant to rights held by persons other than Joseph Saul, the Trusts of which Joseph Saul is a trustee and the J. Saul Foundation), consisting of (i) 970,983 shares of Common Stock owned by Joseph Saul, (ii) 756,314 shares of Common Stock owned by the 85 J. Saul Trust of which Joseph Saul is a trustee, (iii) 756,314 shares of Common Stock owned by the 85 K. Saul Trust of which Joseph Saul is a trustee and (iv) 107,500 shares of Common Stock owned by the J. Saul Foundation of which J. Saul is a director. Joseph Saul, his wife Norma, and Sidney Silberman comprise the Board of Directors of the J. Saul Foundation and Joseph Saul is its President. Joseph Saul, in his capacity as one of the trustees of the trusts referenced in (ii) and (iii) above, may be deemed to have shared voting power and disposition power over the shares of Common Stock owned by such trusts. Joseph Saul, in his capacity as one of the directors of the J. Saul Foundation, may be deemed to have shared voting power and disposition power over the shares held by such foundation. Joseph Saul disclaims beneficial ownership of the shares not directly owned or under rights owned by him. PAGE 10 OF 12 PAGES Norma Saul may be deemed to own beneficially 2,505,028 shares of Common Stock (27.6%) if all shares owned by her or issuable pursuant to rights owned by her are deemed outstanding (including the shares owned by the Trusts of which Norma Saul is a trustee and the shares owned by the J. Saul Foundation, of which Norma Saul is a director, but excluding all shares issuable pursuant to rights held by persons other than Norma Saul, the Trusts of which Norma Saul is a trustee and the J. Saul Foundation, consisting of (i) 884,900 shares of Common Stock owned by Norma Saul, (ii) 756,314 shares of Common Stock owned by the 85 J. Saul Trust of which Norma Saul is a trustee, (iii) 756,314 shares of Common Stock owned by the 85 K. Saul Trust of which Norma Saul is a trustee, and (iv) 107,500 shares of Common Stock owned by the J. Saul Foundation of which Norma Saul is a director. Norma Saul, in her capacity as one of the trustees of the trusts referenced in (ii) and (iii) above, may be deemed to have shared voting power and disposition power over the shares of Common Stock owned by such trusts. Norma Saul, in her capacity as one of the directors of the J. Saul Foundation, may be deemed to have shared voting power and disposition power over the shares held by such foundation. Norma Saul disclaims beneficial ownership of the shares not directly owned or under rights owned by her. The Trust f/b/o Jennifer Saul pursuant to Trust Agreement dated March 28, 1985 may be deemed to beneficially own 756,314 shares of Common Stock (8.3%). The Trust f/b/o Kimberly Saul pursuant to Trust Agreement dated March 28, 1985 may be deemed to beneficially own 756,314 shares of Common Stock (8.3%). The Trust f/b/o Jennifer Saul pursuant to Trust Agreement dated December 18, 1984 may be deemed to beneficially own 140,530 shares of Common Stock (1.5%). The Trust f/b/o Kimberly Saul pursuant to Trust Agreement dated December 18, 1984 may be deemed to beneficially own 140,530 shares of Common Stock (1.5%). The Group as a whole may be deemed to own beneficially 6,367,229 shares of Common Stock, constituting approximately 70.0% of the shares outstanding. (c) Since the date of the Schedule 13D up to and including December 19, 1997, Norma Saul on December 9, 1997 purchased 142,900 shares of Common Stock at a price of $3.17502 per share (including commissions); and Joseph Saul on November 12, 1997 made a gift of 300 shares of Common Stock, on December 10, 1997 purchased 1,000 shares of Common Stock at a price of $3.28559 per share (including commissions), on December 18, 1997 purchased 1,000 shares of Common Stock at a price of $3.22232 per share (including commissions) and on December 19, 1997 purchased 3,000 shares of Common Stock at a price of $3.18752 per share (including commissions). PAGE 11 OF 12 PAGES 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: December 22, 1997 /s/ Andrew M. Saul Andrew M. Saul /s/ Andrew M. Saul Joseph E. Saul by Andrew M. Saul as Attorney in Fact /s/ Andrew M. Saul Norma G. Saul by Andrew M. Saul as Attorney in Fact TRUST f/b/o JENNIFER B. SAUL pursuant to Trust Agreement dated March 28, 1985 By: /s/ Andrew M. Saul Joseph E. Saul, Trustee by Andrew M. Saul as Attorney in Fact TRUST f/b/o KIMBERLY E. SAUL pursuant to Trust Agreement dated March 28, 1985 By: /s/ Andrew M. Saul Joseph E. Saul, Trustee by Andrew M. Saul as Attorney in Fact TRUST f/b/o JENNIFER B. SAUL pursuant to Trust Agreement dated December 18, 1984 By: /s/ Andrew M. Saul Andrew M. Saul, Trustee TRUST f/b/o KIMBERLY E. SAUL pursuant to Trust Agreement dated December 18, 1984 By: /s/ Andrew M. Saul Andrew M. Saul, Trustee PAGE 12 OF 12 PAGES -----END PRIVACY-ENHANCED MESSAGE-----