-----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, CzpQWuX8ANDvVi51PAhQQ83gK8uJkq6U+5OGUL4CteOK4v3cPqC0xEkZgZORrjaT 1dDAI7n/BuY3H2bRvkWpOg== 0000950136-96-001036.txt : 19961115 0000950136-96-001036.hdr.sgml : 19961115 ACCESSION NUMBER: 0000950136-96-001036 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19961113 SROS: NONE GROUP MEMBERS: BRIGHT STAR INC. GROUP MEMBERS: CONVERTIBLE INC. GROUP MEMBERS: EDWARD B. SEIDNER GROUP MEMBERS: FRED J. LOVE GROUP MEMBERS: GREENFIELD HARLEY J GROUP MEMBERS: JARA ENTERPRISES, INC. GROUP MEMBERS: JENNIFER ADVERTISING INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: JENNIFER CONVERTIBLES INC CENTRAL INDEX KEY: 0000806817 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FURNITURE STORES [5712] IRS NUMBER: 112824646 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-40090 FILM NUMBER: 96661938 BUSINESS ADDRESS: STREET 1: 419 CROSSWAYS PK DR CITY: WOODBURY STATE: NY ZIP: 11797 BUSINESS PHONE: 5164961900 MAIL ADDRESS: STREET 2: 419 CROSSWAYS PARK DR CITY: WOODBURY STATE: NY ZIP: 11797 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GREENFIELD HARLEY J CENTRAL INDEX KEY: 0000949786 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 419 CROSSWAYS PARK DRIVE CITY: WOODBURY STATE: NY ZIP: 11797 BUSINESS PHONE: 5164961900 MAIL ADDRESS: STREET 1: 419 CROSSWAYS PARK DRIVE CITY: WOODBURY STATE: NY ZIP: 11797 SC 13D/A 1 AMENDED SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 8) JENNIFER CONVERTIBLES, INC. (Name of Issuer) Common Stock ($.01 par value) (Title of Class of Securities) 476153101 (CUSIP Number) Kenneth R. Koch, Esq. Squadron, Ellenoff, Plesent & Sheinfeld LLP 551 Fifth Avenue New York, New York 10176 (212) 661-6500 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 15, 1996 (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: [X] Check the following box if a fee is being paid with the statement: [ ] CUSIP No. 476153101 1 Name of Reporting Person Harley J. Greenfield S.S. or I.R.S. Identification No. of Above Person (Intentionally Omitted) - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a (a) [ ] Member of a Group (b) [ ] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds 00 - -------------------------------------------------------------------------------- 5 Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization U.S.A. - -------------------------------------------------------------------------------- 7 Sole Voting 512,505* Power - -------------------------------------------------------------------------------- Number of Shares 8 Shared Voting Beneficially Owned Power 0 by Reporting - -------------------------------------------------------------------------------- Person With 9 Sole Dispositive Power 512,505* - -------------------------------------------------------------------------------- 10 Shared Dispositive Power 292,831* - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 805,339* shares - -------------------------------------------------------------------------------- 12 Check box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented by 13.5% Amount in Row (11) - -------------------------------------------------------------------------------- 14 Type of Reporting Person IN - -------------------------------------------------------------------------------- * All but 267,047 shares underlying certain options are subject to a pledge -2- CUSIP No. 476153101 1 Name of Reporting Person Fred J. Love S.S. or I.R.S. Identification No. of Above Person (Intentionally Omitted) - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a (a) [ ] Member of a Group (b) [ ] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds 00 - -------------------------------------------------------------------------------- 5 Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization U.S.A. - -------------------------------------------------------------------------------- 7 Sole Voting 585,662* Power - -------------------------------------------------------------------------------- Number of Shares 8 Shared Voting Beneficially Owned Power 0 by Reporting - -------------------------------------------------------------------------------- Person With 9 Sole Dispositive Power 0 - -------------------------------------------------------------------------------- 10 Shared Dispositive Power 585,662* - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 585,662* shares - -------------------------------------------------------------------------------- 12 Check box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented by 10.3% Amount in Row (11) - -------------------------------------------------------------------------------- 14 Type of Reporting Person IN - -------------------------------------------------------------------------------- * Subject to a pledge -3- CUSIP No. 476153101 1 Name of Reporting Person Edward B. Seidner S.S. or I.R.S. Identification No. of Above Person (Intentionally Omitted) - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a (a) [ ] Member of a Group (b) [ ] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds 00 - -------------------------------------------------------------------------------- 5 Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization U.S.A. - -------------------------------------------------------------------------------- 7 Sole Voting 261,083* Power - -------------------------------------------------------------------------------- Number of Shares 8 Shared Voting Beneficially Owned Power 0 by Reporting - -------------------------------------------------------------------------------- Person With 9 Sole Dispositive Power 261,083* - -------------------------------------------------------------------------------- 10 Shared Dispositive Power 292,831* - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 553,914* shares - -------------------------------------------------------------------------------- 12 Check box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented by 9.7% Amount in Row (11) - -------------------------------------------------------------------------------- 14 Type of Reporting Person IN - -------------------------------------------------------------------------------- * Subject to a pledge -4- CUSIP No. 476153101 1 Name of Reporting Person Jara Enterprises, Inc. S.S. or I.R.S. Identification No. of Above Person (Intentionally Omitted) - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a (a) [ ] Member of a Group (b) [ ] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds 00 - -------------------------------------------------------------------------------- 5 Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization U.S.A. - -------------------------------------------------------------------------------- 7 Sole Voting 0 Power - -------------------------------------------------------------------------------- Number of Shares 8 Shared Voting Beneficially Owned Power 343,579* by Reporting - -------------------------------------------------------------------------------- Person With 9 Sole Dispositive Power 0 - -------------------------------------------------------------------------------- 10 Shared Dispositive Power 343,579* - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 343,579* shares - -------------------------------------------------------------------------------- 12 Check box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented by 6.0% Amount in Row (11) - -------------------------------------------------------------------------------- 14 Type of Reporting Person CO - ------------- * Subject to a pledge -5- CUSIP No. 476153101 1 Name of Reporting Person Convertible Enterprises, Inc. S.S. or I.R.S. Identification No. of Above Person (Intentionally Omitted) - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a (a) [ ] Member of a Group (b) [ ] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds 00 - -------------------------------------------------------------------------------- 5 Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization U.S.A. - -------------------------------------------------------------------------------- 7 Sole Voting 0 Power - -------------------------------------------------------------------------------- Number of Shares 8 Shared Voting Beneficially Owned Power 215,929* by Reporting - -------------------------------------------------------------------------------- Person With 9 Sole Dispositive Power 0 - -------------------------------------------------------------------------------- 10 Shared Dispositive Power 215,929* - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 215,929* shares - -------------------------------------------------------------------------------- 12 Check box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented by 3.8% Amount in Row (11) - -------------------------------------------------------------------------------- 14 Type of Reporting Person CO - ------------- * Subject to a pledge -6- CUSIP No. 476153101 1 Name of Reporting Person Bright Star Enterprises, Inc. S.S. or I.R.S. Identification No. of Above Person (Intentionally Omitted) - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a (a) [ ] Member of a Group (b) [ ] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds 00 - -------------------------------------------------------------------------------- 5 Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization U.S.A. - -------------------------------------------------------------------------------- 7 Sole Voting 0 Power - -------------------------------------------------------------------------------- Number of Shares 8 Shared Voting Beneficially Owned Power 25,000* by Reporting - -------------------------------------------------------------------------------- Person With 9 Sole Dispositive Power 0 - -------------------------------------------------------------------------------- 10 Shared Dispositive Power 25,000* - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 25,000* shares - -------------------------------------------------------------------------------- 12 Check box if the aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented by 0.4% Amount in Row (11) - -------------------------------------------------------------------------------- 14 Type of Reporting Person CO - ------------- * Subject to a pledge -7- CUSIP No. 476153101 1 Name of Reporting Person Jennifer Advertising, Inc. S.S. or I.R.S. Identification No. of Above Person (Intentionally Omitted) - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a (a) [ ] Member of a Group (b) [ ] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds 00 - -------------------------------------------------------------------------------- 5 Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization U.S.A. - -------------------------------------------------------------------------------- 7 Sole Voting 0 Power - -------------------------------------------------------------------------------- Number of Shares 8 Shared Voting Beneficially Owned Power 35,000* by Reporting - -------------------------------------------------------------------------------- Person With 9 Sole Dispositive Power 0 - -------------------------------------------------------------------------------- 10 Shared Dispositive Power 35,000* - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned By Each Reporting Person 35,000* shares - -------------------------------------------------------------------------------- 12 Check box if the aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented by 0.6% Amount in Row (11) - -------------------------------------------------------------------------------- 14 Type of Reporting Person CO - ------------- * Subject to a pledge -8- SCHEDULE 13D Item 1. Security and Issuer. This Amendment No. 8 to the Schedule 13D originally filed with the Securities and Exchange Commission (the "Schedule 13D"), relates to each of the undersigned's beneficial ownership of shares of common stock, $.01 par value per share (the "Common Stock"), of Jennifer Convertibles, Inc. (the "Issuer"), whose principal executive offices are located at 419 Crossways Park Drive, Woodbury, New York 11797. Unless otherwise indicated, all terms referred to herein shall have the same respective meanings as those set forth in the Schedule 13D previously filed. Item 2. Identity and Background The address of Harley J. Greenfield and Edward B. Seidner is c/o Jennifer Convertibles, Inc., 419 Crossways Park Drive, Woodbury, New York 11797. The address of Fred J. Love, Jara, Convertible, Bright Star and Advertising is One Ames Court, Plainview, New York 11803. Item 4. Purpose of Transaction. On October 15, 1996, the Voting Trust Agreement expired in accordance with its terms. Accordingly, Harley J. Greenfield is no longer the voting trustee for the 492,916 shares of Common Stock owned by Fred J. Love and Edward B. Seidner. -9- Item 5. Interest in Securities of the Issuer. The following table sets forth as of October 16, 1996, information regarding the beneficial ownership of the Company's Common Stock by each Reporting Person and by all Reporting Persons as a group. Percent of Class Name of Amount and Nature of Outstanding as of Beneficial Owner Beneficial Ownership(1) April 1, 1996 - ---------------- ----------------------- ------------- Harley Greenfield 805,336(2) 13.5% Fred J. Love 585,662(3) 10.3% Edward B. Seidner 553,914(4) 9.7% Jara 343,579(5)(6) 6.0% Convertible 215,929(5) 3.8% Bright Star 25,000(5) 0.4% Advertising 35,000(5) 0.6% All Reporting Persons 1,359,250 22.8% as a group (seven persons) - ------------ (1) All of such shares are owned directly with sole voting and dispositive power, unless otherwise noted below, but, except for shares underlying certain options owned by Mr. Greenfield, are subject to a pledge to Klaussner. (2) Includes (a) 292,831 shares underlying the Options granted to Mr. Greenfield by Mr. Love, Jara, Convertible, Bright Star and Advertising, over which Mr. Greenfield has no voting power but has shared dispositive power, as such shares may not be disposed of without the consent of Mr. Greenfield, and (b) 267,047 shares underlying exercisable options granted to Mr. Greenfield by the Issuer which shares Mr. Greenfield would have sole voting and sole dispositive power with respect to upon exercise of such options. Does not include 30,000 shares underlying options which are not yet exercisable or 1,200,000 shares underlying options (which became exercisable in April 1996) exercisable at $8.00 per share. Such options are owned by JCI Consultant, L.P. and Mr. Greenfield does not have the power to cause the exercise of such options. However, Mr. Greenfield would be the voting trustee for the shares upon exercise of such options and would have, subject to certain exceptions, the right to vote the shares issued upon such exercise. (3) Includes 343,579 shares owned by Jara, of which Mr. Love is the sole stockholder, and its wholly-owned subsidiaries, Convertible, Bright Star and Advertising and 242,083 shares owned directly by Mr. Love. -10- Mr. Love has sole voting power and shared dispositive power as to such shares, as such shares are subject to the Options granted to Messrs. Greenfield and Seidner and may not be disposed of without the consent of the respective optionee. (4) Includes 292,831 shares underlying the Options granted to Mr. Seidner by Mr. Love, Jara, Convertible, Bright Star and Advertising, over which Mr. Seidner has no voting power but has shared dispositive power, as such shares may not be disposed of without the consent of Mr. Seidner. (5) All of such shares are beneficially owned by Mr. Love, the sole stockholder of Jara. Mr. Love has sole voting power and shared dispositive power as to such shares, as such shares are subject to the Options and may not be disposed of without the consent of the optionee. (6) Includes the shares of Common Stock owned by Convertibles, Bright Star and Advertising, wholly owned subsidiaries and Jara. Except for the expiration of the Voting Trust Agreement, reported hereby, the Reporting Persons have not engaged in any transaction with respect to the Common Stock in the 60 days prior to the date of this Statement on Schedule 13D. -11- SIGNATURE After reasonable inquiry and to the best knowledge and belief of each of the undersigned, the information set forth in this statement is true, complete, and correct, and each of the undersigned does not know or have reason to believe that the information pertaining to the other signatories is inaccurate. Dated: November 12, 1996 /s/ Harley J. Greenfield --------------------------------- Harley J. Greenfield /s/ Fred J. Love --------------------------------- Fred J. Love /s/ Edward B. Seidner --------------------------------- Edward B. Seidner Jara Enterprises, Inc. By: /s/ Fred J. Love --------------------------------- Fred J. Love, President Convertible Enterprises, Inc. By: /s/ Fred J. Love --------------------------------- Fred J. Love, President Bright Star Enterprises, Inc. By: /s/ Fred J. Love --------------------------------- Fred J. Love, President Jennifer Advertising, Inc. By: /s/ Fred J. Love --------------------------------- Fred J. Love, President -12- -----END PRIVACY-ENHANCED MESSAGE-----