-----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, Bfo+Kr8ASrZJJSGfNWEgFv80aOf4PpJNau1MYzafutDUN2pmyaSmqVlviHAStOh6 285/1cb4tp7YmaO3zOIhPA== 0001047469-98-016601.txt : 19980430 0001047469-98-016601.hdr.sgml : 19980430 ACCESSION NUMBER: 0001047469-98-016601 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19980428 SROS: NASD GROUP MEMBERS: DELTA PT INVESTORS CORPORATION GROUP MEMBERS: EPSILON EQUITIES, INC. GROUP MEMBERS: GE INVESTMENT MANGEMENT, INC. GROUP MEMBERS: GE INVESTMENT PRIVATE PLACEMENT PARTNERS II GROUP MEMBERS: GENERAL ELECTRIC COMPANY GROUP MEMBERS: SIGMA HEDGE PARTNERS, G.P. GROUP MEMBERS: TREFOIL CAPITAL INVESTORS II,LP GROUP MEMBERS: TREFOIL INVESTORS II, INC. GROUP MEMBERS: TRUSTEES OF GENERAL ELECTRIC PENSION TRUST SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GRAND UNION CO /DE/ CENTRAL INDEX KEY: 0000316236 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 221518276 STATE OF INCORPORATION: DE FISCAL YEAR END: 0328 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-44467 FILM NUMBER: 98602160 BUSINESS ADDRESS: STREET 1: 201 WILLOWBROOK BLVD CITY: WAYNE STATE: NJ ZIP: 07470-0966 BUSINESS PHONE: 2018906000 MAIL ADDRESS: STREET 1: 201 WILLOWBROOK BLVD CITY: WAYNE STATE: NJ ZIP: 07470 FORMER COMPANY: FORMER CONFORMED NAME: SUCCESSOR TO GRAND UNION CO/VA/ DATE OF NAME CHANGE: 19600201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TRUSTEES OF GENERAL ELECTRIC PENSION TRUST CENTRAL INDEX KEY: 0000902967 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 3003 SUMMER STREET STREET 2: P O BOX 7900 CITY: STAMFORD STATE: CT ZIP: 06904-7900 BUSINESS PHONE: 2033262300 SC 13D/A 1 SCHEDULE 13-D -------------------------------- OMB APPROVAL -------------------------------- CME Number 3235-0145 Expires: August 31, 1999 Estimated average burden hours per response. . . .14.90 -------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 7)* The Grand Union Company - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $1.00 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 386532303 - -------------------------------------------------------------------------------- (CUSIP Number) Michael M. Pastore, Esq. GE Investment Management Incorporated 3003 Summer Street, Stamford CT 06905 Ph. (203) 326-2312 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 22, 1998 - -------------------------------------------------------------------------------- (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 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). Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMR control number. - ------------------------------------------------------------------------------- 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) Trefoil Capital Investors II, L.P. (EIN 95-4499689) - ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) - ------------------------------------------------------------------------------- (b) X - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) OO - ------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- 6. Citizenship or Place of Organization - ------------------------------------------------------------------------------- Delaware - ------------------------------------------------------------------------------- 7. Sole Voting Power 17,610,674 Number of Shares Bene- 8. Shared Voting Power 0 ficially by Owned by Each 9. Sole Dispositive Power 17,610,674 Reporting Persons With 10. Shared Dispositive Power 0 ------------------------------------------------------------- 11. Aggregate Amount Benefically Owned by Each Reporting Person 35,221,348 -------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 77.57% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- ------------------------------------------------------------- ------------------------------------------------------------- ------------------------------------------------------------- - -------------------------------------------------------------------------------- 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) Trefoil Investors II, Inc. (EIN 95-4498559) - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) - -------------------------------------------------------------------------------- (b) X - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) 00 - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization - -------------------------------------------------------------------------------- Delaware - ------------------------------------------------------------------------------- 7. Sole Voting Power 17,610,674 Number of -------------------------------------------------------------- Shares Bene- ficially by 8. Shared Voting Power 0 Owned by -------------------------------------------------------------- Each Reporting 9. Sole Dispositive Power 0 Persons With -------------------------------------------------------------- 10. Shared Dispositive Power 17,610,674 ------------------------------------------------------------- 11. Aggregate Amount Benefically Owned by Each Reporting Person 35,221,348 -------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 77.57% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- -------------------------------------------------------------- -------------------------------------------------------------- -------------------------------------------------------------- - -------------------------------------------------------------------------------- 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) Sigma Hedge Partners, G.P. (EIN 06-1420583) - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) - -------------------------------------------------------------------------------- (b) X - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) 00 - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization - -------------------------------------------------------------------------------- Delaware - -------------------------------------------------------------------------------- 7. Sole Voting Power 0 Number of -------------------------------------------------------------- Shares Bene- ficially by 8. Shared Voting Power 0 Owned by -------------------------------------------------------------- Each Reporting 9. Sole Dispositive Power 0 Persons With -------------------------------------------------------------- 10. Shared Dispositive Power 17,610,674 ------------------------------------------------------------- 11. Aggregate Amount Benefically Owned by Each Reporting Person 35,221,348 -------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 77.57% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- -------------------------------------------------------------- -------------------------------------------------------------- -------------------------------------------------------------- - -------------------------------------------------------------------------------- 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) Delta PT Investors Corporation (EIN 06-1420580) - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) - -------------------------------------------------------------------------------- (b) X - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) 00 - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization - -------------------------------------------------------------------------------- Delaware - -------------------------------------------------------------------------------- 7. Sole Voting Power 0 -------------------------------------------------------------- Number of Shares Bene- 8. Shared Voting Power 0 ficially by -------------------------------------------------------------- Owned by Each 9. Sole Dispositive Power 0 Reporting -------------------------------------------------------------- Persons With 10. Shared Dispositive Power 17,610,674 -------------------------------------------------------------- 11. Aggregate Amount Benefically Owned by Each Reporting Person 35,221,348 -------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 77.57% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- -------------------------------------------------------------- -------------------------------------------------------------- -------------------------------------------------------------- - -------------------------------------------------------------------------------- 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) Epsilon Equities, Inc. (EIN 06-1420581) - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) - -------------------------------------------------------------------------------- (b) X - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) 00 - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization - -------------------------------------------------------------------------------- Delaware - -------------------------------------------------------------------------------- 7. Sole Voting Power 0 Number of -------------------------------------------------------------- Shares Bene- ficially by 8. Shared Voting Power 0 Owned by -------------------------------------------------------------- Each Reporting 9. Sole Dispositive Power 0 Persons With -------------------------------------------------------------- 10. Shared Dispositive Power 0 -------------------------------------------------------------- 11. Aggregate Amount Benefically Owned by Each Reporting Person 35,221,348 -------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 77.57% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- -------------------------------------------------------------- -------------------------------------------------------------- -------------------------------------------------------------- - -------------------------------------------------------------------------------- 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) Trustees of General Electric Pension Trust (EIN 14-6015763) - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) - -------------------------------------------------------------------------------- (b) X - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) 00 - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization - -------------------------------------------------------------------------------- New York - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0 Shares Bene- -------------------------------------------------------------- ficially by Owned by 8. Shared Voting Power 0 Each -------------------------------------------------------------- Reporting Persons With 9. Sole Dispositive Power 0 -------------------------------------------------------------- 10. Shared Dispositive Power 17,610,674 -------------------------------------------------------------- 11. Aggregate Amount Benefically Owned by Each Reporting Person 35,221,348 -------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 77.57% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) EP - -------------------------------------------------------------------------------- -------------------------------------------------------------- -------------------------------------------------------------- -------------------------------------------------------------- - -------------------------------------------------------------------------------- 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) GE Investment Private Placement Partners II, a Limited Partnership (EIN 06-1429671) - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) - -------------------------------------------------------------------------------- (b) X - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) 00 - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization - -------------------------------------------------------------------------------- Delaware - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 17,610,674 Shares Bene- -------------------------------------------------------------- ficially by Owned by 8. Shared Voting Power 0 Each -------------------------------------------------------------- Reporting Persons With 9. Sole Dispositive Power 17,610,674 -------------------------------------------------------------- 10. Shared Dispositive Power 0 -------------------------------------------------------------- 11. Aggregate Amount Benefically Owned by Each Reporting Person 35,221,348 -------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 77.57% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- -------------------------------------------------------------- -------------------------------------------------------------- -------------------------------------------------------------- - -------------------------------------------------------------------------------- 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) GE Investment Management Incorporated (EIN 06-1238874) - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) - -------------------------------------------------------------------------------- (b) X - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization - -------------------------------------------------------------------------------- Delaware - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 17,610,674 Shares Bene- -------------------------------------------------------------- ficially by Owned by 8. Shared Voting Power 0 Each -------------------------------------------------------------- Reporting Persons With 9. Sole Dispositive Power 17,610,674 -------------------------------------------------------------- 10. Shared Dispositive Power 0 -------------------------------------------------------------- 11. Aggregate Amount Benefically Owned by Each Reporting Person 35,221,348 -------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 77.57% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- ------------------------------------------------------------- ------------------------------------------------------------- ------------------------------------------------------------- - -------------------------------------------------------------------------------- 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) General Electric Company (EIN 14-0689340) - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) - -------------------------------------------------------------------------------- (b) X - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) X - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization - -------------------------------------------------------------------------------- New York - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power Disclaimed (see 11 below) Shares Bene- -------------------------------------------------------------- ficially by Owned by 8. Shared Voting Power 0 Each -------------------------------------------------------------- Reporting Persons With 9. Sole Dispositive Power 0 -------------------------------------------------------------- 10. Shared Dispositive Power Disclaimed (see 11 below) -------------------------------------------------------------- 11. Aggregate Amount Benefically Owned by Each Reporting Person Beneficial ownership of all shares disclaimed by General Electric Company -------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) Not Applicable - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- -------------------------------------------------------------- -------------------------------------------------------------- -------------------------------------------------------------- ITEM 1. Security and Issuer. Item 1 of the Schedule 13D is hereby amended and supplemented to add the following: This Amendment No. 7 amends and supplements the Statement on Schedule 13D filed by Trefoil Capital Investors II, L.P., a Delaware limited partnership ("Trefoil"), Trefoil Investors II, Inc., a Delaware corporation ("Trefoil II"), Sigma Hedge Partners, G.P., a Delaware partnership ("Sigma"), Delta PT Investors Corporation, a Delaware corporation ("Delta"), Epsilon Equities, Inc., a Delaware corporation ("Epsilon"), the Trustees of General Electric Pension Trust, a New York common law trust ("GEPT"), GE Investment Private Placement Partners II, A Limited Partnership, a Delaware limited partnership ("GEIPPPII"), GE Investment Management Incorporated, a Delaware corporation ("GEIM") and General Electric Company, a New York corporation ("GE") (collectively, the "Reporting Persons"), with the Securities and Exchange Commission ("SEC") on August 12, 1996 and amended pursuant to Amendment No. 1 thereto filed on September 18, 1996, Amendment No. 2 thereto filed on February 27, 1997, Amendment No. 3 thereto filed on March 21, 1997, Amendment No. 4 thereto filed on May 29, 1997, Amendment No. 5 thereto filed on June 10, 1997 and Amendment No. 6 thereto filed on June 13, 1997 (as amended, the "Schedule 13D"), relating to the common stock, par value $1.00 per share (the "Common Stock") of The Grand Union Company (the "Company"), which is issuable upon conversion of the shares of the Company's Class A Convertible Preferred Stock, par value $1.00 per share ("Class A Stock") and shares of Class B Convertible Preferred Stock, par value $1.00 per share ("Class B Stock"). Capitalized terms used herein shall have the meanings given to them in the Schedule 13D. The Reporting Persons have entered into a Joint Filing Agreement, dated as of April 27, 1998, attached hereto as Schedule I. ITEM 2. Identity and Background. Item 2(a)-(c) is hereby amended by deleting the paragraphs describing names, business addresses and principal occupations of officers and directors of the Reporting Persons and by inserting in lieu thereof of the following paragraph: " For information with respect to the identity and principal occupation of each (i) executive officer and director of the general partner of Trefoil, Trefoil II, see Schedule II attached hereto; (ii) executive officer and director of the general partner of Sigma, Delta, see Schedule III attached hereto; (iii) executive officer and director of the general partner of Sigma, Epsilon, see Schedule IV attached hereto; (iv) executive officer and director of the general partner of GEIPPPII, GEIM, see Schedule V attached hereto; (v) executive officer and director of GEIM see Schedule V attached hereto; (vi) Trustee of GEPT see Schedule VI attached hereto; and (vii) executive officer and director of GE see Schedule VII attached hereto." Item 2(d)-(f) is hereby deleted in its entirety and the following is inserted in lieu thereof: "Except as set forth below, during the last five years, neither any Reporting Person nor, to the best knowledge of each Reporting Person, any person identified in Schedules II, III, IV, V, VI and VII has (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such a proceeding was or is subject to a judgement, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Her Majesty's Inspectorate of Pollution v. IGE Medical Systems Limited (St. Albans Magistrates Court, St. Albans, Hersfordshire, England, Case No. 04/00320181). Page 11 of 36 In April, 1994, General Electric Medical System's U.K. subsidiary, IGE Medical Systems Limited ("IGEMS") discovered the loss of a radioactive barium source at the Radlett, England, facility. The lost source, used to calibrate nuclear camera detectors, emits a very low level of radiation. IGEMS immediately reported the loss as required by the U.K. Radioactive Substances Act. An ensuing investigation, conducted in cooperation with government authorities, failed to locate the source. On July 21, 1994, Her Majesty's Inspectorate of Pollution ("HMIP") charged IGEMS with violating the Radioactive Substances Act by failing to comply with a condition of registration. The Act provides that a registrant like IGEMS, which "does not comply with a limitation or condition subject to which (it) is so registered...shall be guilty of (a criminal) offense." Condition 7 of IGEMS' registration states that it "shall so far as is reasonably practicable prevent...loss of any registered source." At the beginning of trial on February 24, 1995, IGEMS entered a guilty plea and agreed to pay a fine of (pound)5,000 and assessed costs of (pound)5,754. The prosecutor's presentation focused primarily on the 1991 change in internal IGEMS procedures and, in particular, the source logging procedure. The prosecutor complimented IGEMS' investigation and efforts to locate the source and advised the court that IGEMS had no previous violations of the Radioactive Substances Act. He also told the court that the Radlett plant had been highlighted as an exemplary facility to HMIP inspectors as part of their training. In mitigation, IGEMS emphasized the significant infrastructure and expense undertaken by IGEMS to provide security for radiation sources and the significant effort and expense incurred in attempting to locate the missing source. All Reporting Persons and, to the best knowledge of each Reporting Person, all persons identified in Schedules II, III, IV, V, VI and VII are United States citizens, except Paolo Fresco, Vice Chairman of the Board and an Executive Officer of GE, who is an Italian citizen, and Claudio X. Gonzalez, a Director of GE, who is a Mexican citizen." ITEM 3. Source and Amount of Funds or Other Consideration. Item 3 of the Schedule 13D is hereby amended and supplemented to add the following: "On February 27, 1998, the conversion ratio of 20.8333 shares of Common Stock per share of Class B Stock was adjusted in accordance with the Company's Certificate of Incorporation, as amended, to equal 33.3333. As a result of such adjustment, each of GEIPPPII and Trefoil may be deemed to be the beneficial owners of an aggregate of 26,666,640 shares of Common Stock into which the aggregate of 800,000 shares of Class B Stock are presently convertible." ITEM 4. Purpose of Transaction. Item 4 of the Schedule 13D is hereby amended and supplemented to add the following: "On April 22, 1998, five out of eleven members of the Board of Directors of the Company, James J. Costello, J. Richard Stonesifer, Roger E. Stangeland, Clifford A. Miller and Geoffrey T. Moore have resigned from the Board. Pursuant to the Stock Purchase Agreement, GEPPPII had designated Mr. Costello and Mr. Stonesifer as nominees for election on the Board of Directors. GEIPPPII currently has no proposals to designate any persons as nominees to replace Mr. Costello and Mr. Stonesifer on the Board of Directors. Pursuant to the Stock Purchase Agreement, Trefoil had designated Mr. Miller and Mr. Moore as nominees for election on the Board of Directors. Trefoil currently has no proposals to designate any persons as nominees to replace Mr. Miller and Mr. Moore on the Board of Directors. Page 12 of 36 Trefoil and GEIPPPII (collectively, the "Holders") own, in aggregate, the majority of the outstanding shares of Class A Stock and Class B Stock (95.38% and 100%, respectively). Pursuant to Section 3(b) of each of the Certificate of Designation of Class A Convertible Preferred Stock Setting Forth the Powers, Preferences, Rights, Qualifications, Limitations and Restrictions of Such Class of Preferred Stock (the "Class A Certificate of Designation") and the Certificate of Designation of Class B Convertible Preferred Stock Setting Forth the Powers, Preferences, Rights, Qualifications, Limitations and Restrictions of Such Class of Preferred Stock (the "Class B Certificate of Designation", and together with the Class A Certificate of Designation, the "Certificates of Designation"), the affirmative vote of the holders of at least majority of the outstanding shares of each of the Class A Stock and Class B Stock, each voting separately as a single class, is necessary to approve any reorganization, recapitalization, liquidation or other similar transaction involving the Company. On April 23, 1998, the Holders delivered a letter (the "Letter") attached hereto as Exhibit A to the Board of Directors of the Company. In this Letter, the Holders advised the Board of Directors that (i) if it approved the plan of recapitalization of the Company upon the terms and conditions set forth in that certain Summary of Principal Economic Terms of Restructuring distributed to the Board of Directors on March 30, 1998 (the "Plan"), it will violate the contractual obligations of the Company under the Certificates of Designation, (ii) the Holders have not consented to the proposed Plan, and (iii) if the Board approved the Plan, the Holders intend to take any and all actions that may prove to be necessary in order to enforce the Holders' rights under the Certificates of Designation." ITEM 5. Interest in Securities of the Issuer. Item 5 of the Schedule 13D is hereby amended and supplemented to add the following: "On February 27, 1998, the conversion ratio of 20.8333 shares of Common Stock per share of Class B Stock was adjusted in accordance with the Company's Certificate of Incorporation, as amended, to equal 33.3333. The conversion ratio of Class A Stock has not changed. As a result of the adjustment, each of GEIPPPII and Trefoil may be deemed to be the beneficial owners of an aggregate of 26,666,640 shares of Common Stock into which the aggregate of 800,000 shares of Class B Stock are presently convertible and 8,554,708 shares of Common Stock into which the aggregate of 1,240,424 shares of Class A Stock are presently convertible. Such 35,221,348 shares of Common Stock, if outstanding, would constitute approximately 77.57% of the total number of shares of Common Stock of the Company outstanding." ITEM 7. Material to Be Filed as Exhibits. Exhibit A - Letter to the Board of Directors of the Company, dated as of April 23, 1998. Page 13 of 36 Signature ---------- 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: April 27, 1998 TREFOIL CAPITAL INVESTORS II, L.P. By: Trefoil Investors II, Inc., a general partner By: /s/ Robert G. Moskowitz ------------------------------- Name: Robert G. Moskowitz Title: Vice President Page 14 of 36 Signature --------- 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: April 27, 1998 TREFOIL INVESTORS II, INC. By: /s/ Robert G. Moskowitz -------------------------- Name: Robert G. Moskowitz Title: Vice President Page 15 of 36 Signature --------- 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: April 27, 1998 SIGMA HEDGE PARTNERS, G.P. By: Delta PT Investors Corporation, a general partner By: Michael M. Pastore -------------------------------- Name: Michael M. Pastore Title: Vice President Page 16 of 36 Signature --------- 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: April 27, 1998 DELTA PT INVESTORS CORPORATION By: /s/ Michael M. Pastore ----------------------------------- Name: Michael M. Pastore Title: Vice President Page 17 of 36 Signature --------- 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: April 27, 1998 EPSILON EQUITIES, INC. By: Michael M. Pastore -------------------------- Name: Michael M. Pastore Title: Vice President Page 18 of 36 Signature --------- 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: April 27, 1998 TRUSTEES OF GENERAL ELECTRIC PENSION TRUST By: /s/ Alan M. Lewis ------------------------------ Name: Alan M. Lewis Title: Trustee Page 19 of 36 Signature --------- 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: April 27, 1998 GE INVESTMENT PRIVATE PARTNERS II, A LIMITED PARTNERSHIP By: GE Investment Management Incorporated, as general partner By: Michael M. Pastore --------------------------------- Name: Michael M. Pastore Title: Vice President Page 20 of 36 Signature --------- 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: April 27, 1998 GE INVESTMENT MANAGEMENT INCORPORATED By: /s/ Michael M. Pastore --------------------------------- Name: Michael M. Pastore Title: Vice President Page 21 of 36 Signature --------- 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: April 27, 1998 GENERAL ELECTRIC COMPANY By: /s/ John H. Myers -------------------------------- Name: John H. Myers Title: Vice President Page 22 of 36 Schedule I JOINT FILING AGREEMENT ---------------------- This will confirm the agreement by and among all the undersigned that the Amendment No. 7 to the Schedule 13D filed on this date with respect to the beneficial ownership by the undersigned of shares of Common Stock of The Grand Union Company is being filed on behalf of each of the undersigned. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. Dated: April 27, 1998 TREFOIL CAPITAL INVESTORS II, L.P. By: Trefoil Investors II, Inc., a general partner By: /s/ Robert G. Moskowitz -------------------------------- Name: Robert G. Moskowitz Title: Vice President TREFOIL INVESTORS II, INC. By: /s/ Robert G. Moskowitz ------------------------------- Name: Robert G. Moskowitz Title: Vice President SIGMA HEDGE PARTNERS, G.P. By: Delta PT Investors Corporation, a general partner By: /s/ Michael M. Pastore -------------------------------- Name: Michael M. Pastore Title: Vice President DELTA PT INVESTORS CORPORATION By: /s/ Michael M. Pastore -------------------------------- Name: Michael M. Pastore Title: Vice President EPSILON EQUITIES, INC. By: /s/ Michael M. Pastore ------------------------------- Name: Michael M. Pastore Title: Vice President Page 23 of 36 TRUSTEES OF GENERAL ELECTRIC PENSION TRUST By: /s/ Alan M. Lewis ------------------------------- Name: Alan M. Lewis Title: Trustee GE INVESTMENT PRIVATE PARTNERS II, A LIMITED PARTNERSHIP By: GE Investment Management Incorporated, as general partner By: /s/ Michael M. Pastore ------------------------------- Name: Michael M. Pastore Title: Vice President GE INVESTMENT MANAGEMENT INCORPORATED By: /s/ Michael M. Pastore ------------------------------- Name: Michael M. Pastore Title: Vice President GENERAL ELECTRIC COMPANY By: /s/ John H. Myers ------------------------------- Name: John H. Myers Title: Vice President Page 24 of 36 Schedule II TREFOIL INVESTORS II, INC. The business address of each of the persons listed below is 4444 Lakeside Drive, Burbank, California 91505. The names and principal occupations of the Directors and Officers of Trefoil Investors II, Inc. are as follows:
Roy E. Disney Director and Chairman Vice Chairman of the Board of the of the Board of the Walt Disney Company (an international company engaged in family entertainment with its principal executive offices located at 500 South Buena Vista Drive, Burbank, California); Chairman of the Board of Directors of Shamrock Holdings, Inc. ( a holding company primarily engaged n making, holding and disposing of investments in various industries, principally in the United States, Israel, Eastern Europe, with its principal executive officers located at 4444 Lakeside Drive, Burbank, California 91505 ("Shamrock"); Chairman of the Board of Directors of Shamrock Capital Advisors, Inc. ("SCA") (a closely-held company providing management and consulting services to Trefoil and businesses in which Trefoil invests, with its principal executive offices located at 4444 Lakeside Drive, Burbank, California 91505. Patricia A. Disney Director and Vice-Chairman Vice Chairman of the Board of Directors of of the Board Shamrock and SCA. Stanley P. Gold President and a Director President and Managing Director of SCA; President and Chief Executive Officer of Shamrock. Robert G. Moskowitz Vice President and Secretary Managing Director of SCA and Executive Vice President of Shamrock. Geoffrey T. Moore Vice President Managing Director of SCA. Stephen D. Royer Vice President Vice President of SCA George Buchler Treasurer Vice President and Chief Financial Officer of Shamrock and Controller of SCA. Michael J. McConnell Vice President Vice President of SCA.
Page 25 of 36 Schedule III DELTA PT INVESTORS CORPORATION The business address of each of the persons listed below is 3003 Summer Street, P.O. Box 7900, Stamford, Connecticut 06904. The names and principal occupations of the Officers and Directors of Delta PT Investors Corporation are as follows:
President Eugene K. Bolton Vice President/Treasurer Judith A. Studer Vice President/Secretary Michael M. Pastore Vice President/Assistant Secretary and Assistant Treasurer Robert J. Zalucki Directors Donald W. Torey Eugene K. Bolton
Page 26 of 36 Schedule IV EPSILON EQUITIES, INC. The business address of each of the persons listed below is 3003 Summer Street, P.O. Box 7900, and Stamford, Connecticut 06904. The names and principal occupations of the Officers and Directors of Epsilon Equities, Inc. are as follows:
President Eugene K. Bolton Vice President/Treasurer Judith A. Studer Vice President/Secretary Michael M. Pastore Vice President/Assistant Secretary and Assistant Treasurer Robert J. Zalucki Directors Donald W. Torey Eugene K. Bolton
Page 27 of 36 Schedule V GE INVESTMENT MANAGEMENT INCORPORATED, General Partner of GE Investment Hotel Partners I, Limited Partnership The business address of each of the persons listed below is 3003 Summer Street, P.O. Box 7900, Stamford, Connecticut 06904. The names and principal occupations of the Officers of GE Investment Management Incorporated ("GEIM") are as follows:
Officers Position(s) - -------- ----------- John H. Myers Chairman of the Board and President Eugene K. Bolton Executive Vice President Michael J. Cosgrove Executive Vice President Ralph R. Layman Executive Vice President Alan M. Lewis Executive Vice President, General Counsel and Secretary Robert A. MacDougall Executive Vice President Geoffrey R. Norman Executive Vice President Thomas J. Szkutak Executive Vice President - Chief Financial Officer Donald W. Torey Executive Vice President Mark A. Dunham Senior Vice President Ronald I. Felmus Senior Vice President H. Michael Mears Senior Vice President Philip A. Mercurio Senior Vice President Philip A. Riordan Senior Vice President Steven M. Beringer Vice President Brian D. Brooks Vice President Mark A. Davis Vice President Constance K. Doyle Vice President
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Gerald M. Goz Vice President Michael E. Hogan Vice President Christopher P. Mullahy Vice President Keith G. Smith Vice President Sheila M. Welsh Vice President Matthew J. Witkos Vice President Michael D. Wright Vice President William R. Wright Vice President Robert Bernstein Regional Vice President Frank E. Calvaruso Regional Vice President Robert P. Mulligan Regional Vice President Kevin J. Sheehan Regional Vice President Jeanne M. La Porta Vice President and Assistant Secretary Michael M. Pastore Vice President and Assistant Secretary Scott A. Silberstein Vice President and Assistant Secretary Matthew J. Simpson Vice President and Assistant Secretary Michael J. Strone Vice President and Assistant Secretary Robert Zalucki Vice President - Tax Counsel
The names and principal occupations of the Directors of GEIM are as follows:
Eugene K. Bolton Executive Vice President of GEIC and GEIM and Trustee of GEPT Michael J. Cosgrove Executive Vice President of GEIC and GEIM and Trustee of GEPT John H. Myers Vice President of General Electric Company, Chairman of the Board and President of GEIC and GEIM and Trustee of GEPT Ralph R. Layman Executive Vice President of GEIC and GEIM and
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Trustee of GEPT Alan M. Lewis Executive Vice President, General Counsel and Secretary of GEIC and GEIM and Trustee of GEPT Robert A. MacDougall Executive Vice President of GEIC and GEIM and Trustee of GEPT Geoffrey R. Norman Executive Vice President of GEIC and GEIM Thomas J. Szkutak Executive Vice President - Finance and Administration of GEIC and Executive Vice President - Chief Financial Officer of GEIM and Trustee of GEPT Donald W. Torey Executive Vice President of GEIC and GEIM and Trustee of GEPT
Page 30 of 36 Schedule VI GENERAL ELECTRIC PENSION TRUST The business address of each of the persons listed below is 3003 Summer Street, P.O. Box 7900, Stamford, Connecticut 06904. The names and principal occupations of each of the Trustees of the General Electric Pension Trust are as follows:
Eugene K. Bolton Executive Vice President of GEIC and GEIM Michael J. Cosgrove Executive Vice President of GEIC and GEIM John H. Myers Vice President of General Electric Company, Chairman of the Board and President of GEIC and GEIM Ralph R. Layman Executive Vice President of GEIC and GEIM Alan M. Lewis Executive Vice President, General Counsel and Secretary of GEIC and GEIM Robert A. MacDougall Executive Vice President of GEIC and GEIM Thomas J. Szkutak Executive Vice President - Finance and Administration of GEIC and Executive Vice President - Chief Financial Officer of GEIM Donald W. Torey Executive Vice President of GEIC and GEIM
Page 31 of 36 Schedule VII GENERAL ELECTRIC COMPANY EXECUTIVE OFFICERS The business address of each of the persons listed below is 3135 Easton Turnpike, Fairfield, Connecticut 06431. The names and principal occupations of the Officers of General Electric Company are as follows:
Officers Position(s) - -------- ----------- J.F. Welch, Jr. Chairman of the Board and Chief Executive Officer P. Fresco Vice Chairman of the Board and Executive Officer P.D. Ameen Vice President and Comptroller J.R. Bunt Vice President and Treasurer D.L. Calhoun Senior Vice President - GE Lighting W.J. Conaty Senior Vice President - Human Resources D.M. Cote Vice President - GE Appliances D.D. Dammerman Senior Vice President - Finance L.S. Edelheit Senior Vice President - Corporate Research and Development B.W. Heineman, Jr. Senior Vice President - General Counsel and Secretary J.R. Immelt Senior Vice President - GE Medical Systems W.J. Lansing Vice President - Corporate Business Development G. S. Malm Senior Vice President - Asia W.J. McNerney, Jr. Senior Vice President - GE Aircraft Engines E.F. Murphy Vice Chairman of the Board and Executive Officer R.L. Nardelli Senior Vice President - GE Power Systems R.W. Nelson Vice President - Corporate Financial Planning and Analysis J.D. Opie Vice Chairman of the Board and Executive Officer G.M. Reiner Senior Vice President - Chief Information Officer
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J. G. Rice Vice President - GE Transportation Systems G.L. Rogers Senior Vice President - GE Plastics J.W. Rogers Vice President - GE Motors L.G. Trotter Vice President - GE Electrical Distribution and Control
The names and principal occupations of Directors of General Electric Company are as follows:
D.W. Calloway Chairman of the Board, Chief Executive Officer and Director, PepsiCo, Inc. J.I. Cash, Jr. Professor of Business Administration-Graduate School of Business Administration, Harvard University S.S. Cathcart Retired Chairman, Illinois Tool Works D.D. Dammerman Senior Vice President-Finance, General Electric Company P. Fresco Vice Chairman of the Board and Executive Officer, General Electric Company C.X. Gonzalez Chairman of the Board and Chief Executive Officer, Kimberly-Clark de Mexico, S.A. de C.V. G.G. Michelson Former Director, Federated Department Stores E.F. Murphy Vice Chairman of the Board and Executive Officer S. Nunn Partner, King & Spalding J.O. Opie Vice Chairman of the Board and Executive Officer, General Electric Company R.S. Penske Chairman of the Board and President, Penske Corporation F.H.T. Rhodes President Emeritus, Cornell University A.C. Sigler Retired Chairman of the Board and CEO and former Director, Champion International Corporation D.A. Warner III Chairman of the Board, President, and Chief Executive Officer, J.P. Morgan & Co. Incorporated and Morgan Guaranty Trust Company J.F. Welch, Jr. Chairman of the Board and Chief Executive Officer, General Electric Company
Citizenship (other than United States) Page 33 of 36 C.X. Gonzalez Mexico P. Fresco Italy Page 34 of 36 EX-99.A 2 EXHIBIT 99(A) EXHIBIT A April 23, 1998 Corporate Secretary The Grand Union Company 201 Willowbrook Boulevard Wayne, NJ 07470 J. Wayne Harris Chairman of the Board of Directors The Grand Union Company 201 Willowbrook Boulevard Wayne, NJ 07470 Re: The Grand Union Company Gentlemen: Reference is made to (i) The Grand Union Company By-laws, as amended through January 15, 1998 (the "By-laws"), (ii) The Grand Union Company Certificate of Designation of Class A Convertible Preferred Stock Setting Forth the Powers, Preferences, Rights, Qualifications, Limitations and Restrictions of Such Class of Preferred Stock (the "Class A Certificate of Designation"), and (iii) The Grand Union Company Certificate of Designation of Class B Convertible Preferred Stock Setting Forth the Powers, Preferences, Rights, Qualifications, Limitations and Restrictions of Such Class of Preferred Stock (the "Class B Certificate of Designation," and together with the Class A Certification of Designation, the "Certificates of Designation"). The undersigned directs your attention to Section 3(b) of each of the Certificates of Designation, which provides that the affirmative vote of the holders of at least a majority of the outstanding shares of each of the Class A Convertible Preferred Stock ("Class A Stock") and the Class B Convertible Preferred Stock ("Class B Stock" and together with the Class A Stock, the "Preferred Stock"), each voting separately as a single class, shall be necessary to approve any reorganization, recapitalization liquidation or other similar transaction involving The Grand Union Company (the "Company") in which (i) the Preferred Stock does not remain outstanding under substantially the same powers, preferences, rights, qualifications, limitations and restrictions set forth in the Certificates of Designation, or (ii) the cash, stock, securities or other property received from conversion of the Preferred Stock at the closing of such transaction is less than 150% of the Conversion Price (as such term is defined in the Certificates of Designation). Be advised that any approval by the Board of Directors to conduct a solicitation under Section 3(a)(9) of the Securities Act of 1933, as amended, upon the terms and conditions of that certain Summary of Principal Economic Terms of Restructuring distributed to the Board of Directors on March 30, 1998, culminating in the filing of a prepackaged chapter 11 plan of reorganization and related actions, including, without limitation, the Company's approval of the commitment of Swiss Bank (or such other similar financing) to provide exit financing to the Company upon consummation of the proposed prepackaged plan of reorganization, and the Board of Directors' authorization to proceed with the solicitation under Section 3(a)(9) in respect of the proposed plan and related documents, without our consent, will violate Section 3(b) of the Certificates of Designation and will be an ultra vires act of the Company. We have repeatedly advised you that we do not consent to the Company's proposed recapitalization. As holders of the majority of each of the Class A Stock and the Class B Stock, be advised that Page 35 of 36 if the Board grants the aforementioned approvals, we intend to take any and all actions that may prove to be necessary to enforce our rights under the Certificates of Designation. GE INVESTMENT PRIVATE PLACEMENT PARTNERS II, A LIMITED PARTNERSHIP By: GE Investment Management Incorporated, its General Partner By: /s/ Alan M. Lewis -------------------------------------- Title: Executive Vice President Owner of 620,212 shares of Class A Stock Owner of 47.69% of the outstanding Class A Stock Owner of 400,000 shares of Class B Stock Owner of 50% of the outstanding Class B Stock TREFOIL CAPITAL INVESTORS II, L.P. By: TREFOIL INVESTORS II, INC., its managing general partner By: /s/ Robert G. Moskowitz -------------------------------------- Title: Managing Director Owner of 620,212 shares of Class A Stock Owner of 47.69% of the outstanding Class A Stock Owner of 400,000 shares of Class B Stock Owner of 50% of the outstanding Class B Stock Page 36 of 36 -----END PRIVACY-ENHANCED MESSAGE-----