-----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, RVSwiJsH5deHUL2Dgx/Xiq9r0KItpAsvtofC/J2KdXck+D+hHjFGNYYha/yB84vH ecmf6kYriUnpuOMnnfLvSQ== 0000950123-96-004945.txt : 19960911 0000950123-96-004945.hdr.sgml : 19960911 ACCESSION NUMBER: 0000950123-96-004945 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960910 SROS: AMEX SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HANOVER DIRECT INC CENTRAL INDEX KEY: 0000320333 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 138053260 STATE OF INCORPORATION: NV FISCAL YEAR END: 1227 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08056 FILM NUMBER: 96628264 BUSINESS ADDRESS: STREET 1: 1500 HARBOR BLVD CITY: WEEHAWKEN STATE: NJ ZIP: 07087 BUSINESS PHONE: 2018653800 MAIL ADDRESS: STREET 1: 1500 HARBOR BLVD CITY: WEEHAWKEN STATE: NJ ZIP: 07087 FORMER COMPANY: FORMER CONFORMED NAME: HORN & HARDART CO /NV/ DATE OF NAME CHANGE: 19920703 COMPANY DATA: COMPANY CONFORMED NAME: KAUL K RAKESH CENTRAL INDEX KEY: 0001022543 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] OFFICER STATE OF INCORPORATION: NV FISCAL YEAR END: 1227 FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: 1500 HARBOR BLVD CITY: WEEHAWKEN STATE: NJ ZIP: 07087 BUSINESS PHONE: 2018653800 MAIL ADDRESS: STREET 1: 1500 HARBOR BLVD CITY: WEEHAWKEN STATE: NJ ZIP: 07087 4 1 RAKESH K. KAUL 1 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [ ] Check this box if no longer OMB APPROVAL subject to Section 16. Form 4 or OMB Number: 3235-0287 Form 5 obligations may continue. Expires: September 30, 1998 See Instruction 1(b). Estimated average burden hours per response. . . 0.5 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 (Print or Type Responses) 1. Name and Address of Reporting Person* Kaul Rakesh K. (Last) (First) (Middle) 1500 Harbor Boulevard (Street) Weehawken NJ 07087 (City) (State) (Zip) 2. Issuer Name and Ticker or Trading Symbol Hanover Direct, Inc.-HNV 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year August 1996 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X] Director [X] Officer (give title below) [ ] 10% Owner [ ] Other (specify below) President and CEO 7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form filed by One Reporting Person [ ] Firm filed by More than One Reporting Person
Table 1-Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned - ----------------------------------------------------------------------------------------------------------------------------------- 1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) (Instr. 3) action action or Disposed of (D) Date Code (Instr. 3, 4 and 5) (Inst. 8) (Month/ -------------------------------------------------------------------------------- Day/ Code V Amount (A) or Price Year) (D) - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 8/23/96 P 1,510,000 A $1.15625
- ----------------------------------------------------------------------------------------------------------------------------------- 1. Title of Security 5. Amount of 6. Owner- 7. Nature of (Instr. 3) Securities ship Indirect Beneficially Form: Beneficial Owned at Direct Owner- End of Month (D) or ship Indirect (Instr. 3 and 4) (I) (Instr. 4) (Instr. 4) - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 1,510,000 D
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, Over see Instruction 4(b)(v). SEC 1474 (7-96) 2 FORM 4 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of 2. Conversion 3. Trans- 4. Trans- 5. Number of 6. Date 7. Title and 8. Price Derivative or Exercise action action Derivative Exercisable Amount of of Security Price of Date Code Securities and Expiration Underlying Deriv- (Instr. Derivative (Month/ (Instr. Acquired (A) Date (Month/ Securities ative 3) Security Day/Year) 8) or Disposed Day/Year) (Instr. 3 Secur- of (D) and 4) ity (Instr. 3,4, (Instr. and 5) 5) ------------------------------------------------------------------------ Date Expira- Amount Exer- tion or Number Code V (A) (D) cisable Date Title of Shares ------------------------------------------------------------------------- Stock Option $1.15625 8/23/96 A 755,000(1) 3/7/97 3/7/99 Common 755,000 (Right to buy) Stock Stock Option $1.15625 8/23/96 A 755,000(1) 3/7/98 3/7/00 Common 755,000 (Right to buy) Stock Stock Option $1.15625 8/23/96 A 755,000(1) 3/7/99 3/7/01 Common 755,000 (Right to buy) Stock Stock Option $1.15625 8/23/96 A 755,000(1) 3/7/00 3/7/02 Common 755,000 (Right to buy) Stock
9. Number of 10. Ownership 11. Nature of derivative Form of Indirect Securities Derivative Beneficial Beneficially Security Ownership Owned at End Direct (D) (Instr. 4) of Month or Indirect (Instr. 4) (I) (Instr. 4) - ------------------------------------------------------------------------- Stock Option (Right to buy) Stock Option (Right to buy) Stock Option (Right to buy) Stock Option (Right to buy)
Explanation of Responses: (1) Pursuant to a Long Term Incentive Plan between the Reporting Person and the Company, the Company granted the Reporting Person an option which vests and becomes exercisable with respect to 755,000 shares on 3/7/97 and with respect to an additional 755,000 shares on each of the next three anniversaries of such issue. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedures. 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 OMB Number. /s/ Rakesh K. Kaul 9/10/96 - -------------------------------- ------- ** Signature of Reporting Person Date Page 2 SEC 1474 (7-96) 3 FORM 4 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of 2. Conversion 3. Trans- 4. Trans- 5. Number of 6. Date 7. Title and 8. Price Derivative or Exercise action action Derivative Exercisable Amount of of Security Price of Date Code Securities and Expiration Underlying Deriv- (Instr. 3) Derivative (Month/ (Instr. Acquired (A) Date (Month/ Securities ative Security Day/Year) 8) or Disposed Day/Year) (Instr. 3 Secur- of (D) and 4) ity (Instr. 3,4, (Instr. and 5) 5) ------------------------------------------------------------------------ Date Expira- Amount Exer- tion or Number Code V (A) (D) cisable Date Title of Shares ------------------------------------------------------------------------- Stock Option $1.15625 8/23/96 A 250,000(2) 3/7/97 3/7/06 Common 250,000 (Right to buy) Stock Stock Option $1.15625 8/23/96 A 250,000(2) 3/7/98 3/7/06 Common 250,000 (Right to buy) Stock Stock Option $1.15625 8/23/96 A 250,000(2) 3/7/99 3/7/06 Common 250,000 (Right to buy) Stock Stock Option $1.15625 8/23/96 A 250,000(2) 3/7/00 3/7/06 Common 250,000 (Right to buy) Stock Stock Option $1.15625 8/23/96 A 2,000,000(3) (3) 3/7/06 Common 2,000,000 (Right to buy) Stock
9. Number of 10. Ownership 11. Nature of derivative Form of Indirect Securities Derivative Beneficial Beneficially Security Ownership Owned at End Direct (D) (Instr. 4) of Month or Indirect (Instr. 4) (I) (Instr. 4) - ------------------------------------------------------------------------- Stock Option (Right to buy) Stock Option (Right to buy) Stock Option (Right to buy) Stock Option (Right to buy) Stock Option (Right to buy)
Explanation of Responses: (2) Pursuant to a Long Term Incentive Plan between the Reporting Person and the Company, the Company granted the Reporting Person an option, the vesting of which is subject to the meeting of certain performance goals with respect to the Company, which becomes exercisable with respect to 250,000 shares on 3/7/97 and with respect to 250,000 shares for each of the three succeeding performance years. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedures. 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 OMB Number. /s/ Rakesh K. Kaul 9/10/96 - -------------------------------- ------- ** Signature of Reporting Person Date Page 2 SEC 1474 (7-96) 4 (3) Pursuant to a Long Term Incentive Plan between the Reporting Person and the Company, the Company granted the Reporting Person an option which becomes exercisable only upon satisfaction of the condition that the average closing price of the Company's Common Stock on the American Stock Exchange composite tape, on each trading day during any period of 91 consecutive calendar days commencing after 3/7/96 and ending on or before 3/7/02 has equaled or exceeded $7.00 per share. 5 FORM 4 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of 2. Conversion 3. Trans- 4. Trans- 5. Number of 6. Date 7. Title and 8. Price Derivative or Exercise action action Derivative Exercisable Amount of of Security Price of Date Code Securities and Expiration Underlying Deriv- (Instr. 3) Derivative (Month/ (Instr. Acquired (A) Date (Month/ Securities ative Security Day/Year) 8) or Disposed Day/Year) (Instr. 3 Secur- of (D) and 4) ity (Instr. 3,4, (Instr. and 5) 5) ------------------------------------------------------------------------ Date Expira- Amount Exer- tion or Number Code V (A) (D) cisable Date Title of Shares ------------------------------------------------------------------------- Stock Option $1.15625 8/23/96 J* 377,500 3/7/97 3/7/02 Common 377,500 (Right to buy) Stock Stock Option $1.15625 8/23/96 J* 377,500 3/7/98 3/7/03 Common 377,500 (Right to buy) Stock Stock Option $1.15625 8/23/96 J* 377,500 3/7/99 3/7/04 Common 377,500 (Right to buy) Stock Stock Option $1.15625 8/23/96 J* 377,500 3/7/00 3/7/05 Common 377,500 (Right to buy) Stock
9. Number of 10. Ownership 11. Nature of derivative Form of Indirect Securities Derivative Beneficial Beneficially Security: Ownership Owned at End Direct (D) (Instr. 4) of Month or Indirect (Instr. 4) (I) (Instr. 4) - ------------------------------------------------------------------------- Stock Option (Right to buy) Stock Option (Right to buy) Stock Option (Right to buy) Stock Option 7,530,000 D N/A (Right to buy)
Explanation of Responses: * Pursuant to the Employment Agreement dated 3/7/96 between the Company and the Reporting Person, NAR Group Limited granted the Reporting Person four options expiring 3/7/02 and the first three anniversaries thereof, respectively, for the purchase of 377,500 shares of Common Stock. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedures. 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 OMB Number. /s/ Rakesh K. Kaul 9/10/96 - -------------------------------- ------- ** Signature of Reporting Person Date Page 2 SEC 1474 (7-96) -----END PRIVACY-ENHANCED MESSAGE-----