-----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, D/XkiX872gROn0fipTVlS2W29L3wZ5a93Rn0v4ES01P/st94d+E9/DwRdCBKlb0y hFYGnLVHsACm7M6HwxnLXw== 0000909012-01-000236.txt : 20010411 0000909012-01-000236.hdr.sgml : 20010411 ACCESSION NUMBER: 0000909012-01-000236 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010410 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TAM RESTAURANTS INC CENTRAL INDEX KEY: 0001048796 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 133905598 STATE OF INCORPORATION: DE FISCAL YEAR END: 0929 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-53785 FILM NUMBER: 1598680 BUSINESS ADDRESS: STREET 1: 1163 FORREST AVE. CITY: STATEN ISLAND STATE: NY ZIP: 10310 BUSINESS PHONE: 7187205959 MAIL ADDRESS: STREET 1: 1163 FORREST AVENUE CITY: STATEN ISLAND STATE: NY ZIP: 10310 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SALVATORE PETER I CENTRAL INDEX KEY: 0001078870 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 35 SEAGATE RD CITY: STATEN ISLAND STATE: NY ZIP: 10305 BUSINESS PHONE: 7182734290 MAIL ADDRESS: STREET 1: 35 SEAGATE RD CITY: STATEN ISLAND STATE: NY ZIP: 10305 SC 13D 1 0001.txt BENEFICIAL OWNERSHIP UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 TAM RESTAURANTS, INC. (Name of Issuer) COMMON STOCK (PAR VALUE $.0001 PER SHARE) (Title of Class of Securities) 874835101 (CUSIP Number) Jeffrey M. Stein, Esq. The Goldstein Law Group, P.C. 65 Broadway, 10th Floor NEW YORK, NEW YORK 10006 ---------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 30, 2001 (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 o. Check the following box if a fee is being paid with the statement [ ] (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). 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). SCHEDULE 13D - --------------------------------------------------- ---------------------------- CUSIP NO. 874835101 PAGE 2 OF 4 PAGES ---------------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Peter Salvatore - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (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 SHARES 7,928,441 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------- ------------------------------------------- 8 SHARED VOTING POWER 0 -------- ------------------------------------------- 9 SOLE DISPOSITIVE POWER 7,928,441 -------- ------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,928,441 - ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES SHARES* [ ] - ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 58.4 % - ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ---------- --------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D Item 1. Security and Issuer. The title of the class of equity securities to which this statement relates is common stock, par value $.0001 per share of Tam Restaurants, Inc., a Delaware corporation, whose principal place of business is 1163 Forest Avenue, Staten Island, N.Y. 10310. Item 2. Identity and Background This statement is filed on behalf of: (1) (a) Peter Salvatore (the "Reporting Person") (b) 35 Seagate Road, Staten Island, NY, (c) retired, (d) n/a, (e) n/a, (f) United States. Item 3. Source and Amount of Funds or Other Consideration Mr. Salvatore used personal funds of $450,000 to acquire 4,500,000 of the Issuer's Common Stock. Item 4. Purpose of Transaction. The Reporting Person acquired the securities for investment purposes. Reporting Person does not have any plan or proposal to acquire additional securities of the Issuer. The Reporting Person is a member of the Issuer's Board of Directors. As a director of the Issuer, Mr. Salvatore intends to participate in the management of the Issuer's business. Item 5. Interest in Securities of the Issuer. The Reporting Person beneficially owns 7,928,441 shares of common stock of the Issuer. Reporting Person specifically disclaims beneficial ownership of any other securities of the Issuer. Reporting Person has the sole power to vote or direct the vote 7,928,441 shares of common stock of the Issuer. Reporting Person does not have shared power to vote any securities of the Issuer. On March 30, 2001, Reporting Person purchased 4,500,000 shares of the Issuer's Common Stock at a price of $.10 per share. The transaction was effected by the delivery of funds to the Issuer totaling $450,000. The number of shares of the Issuer's Common Stock beneficially owned by the Reporting Person also includes (i) 170,289 shares of Common Stock owned by Peter Salvatore, (ii) 9,082 shares of Common Stock held by Peter and Gail Salvatore Foundation, Inc., a trust of which by Mr. and Mrs. Salvatore are the beneficiaries, (iii) 10,000 shares of Common Stock issuable upon exercise of options held by Mr. Salvatore, (iv) 85,144 shares of Common Stock issuable upon exercise of warrants held by Mr. Salvatore, (v) 3,333,333 shares of Common Stock issuable upon conversion of a Convertible Debenture, and (vi) 3,047 shares of Common Stock issuable upon exercise of warrants held by Peter and Gail Salvatore Foundation, Inc. The percentages used in this Schedule 13D are calculated based upon 10,235,500 outstanding shares of Common Stock. All purchases and sales of Common Stock reported herein were made in private transactions. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. n/a Item 7. Material to be Filed as Exhibits. n/a SIGNATURE After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. By: /S/ PETER SALVATORE ---------------- Date: April 9, 2001 Peter Salvatore -----END PRIVACY-ENHANCED MESSAGE-----