-----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, WgqSQuNkwrxkXo3bCFEfD2GQmC62Tp5V6Dfg7RhjwuI/GC7KbqlUEAajKREOT5/E h2bNCHx1Gn52EIN4AHhdVA== 0001047469-98-042352.txt : 19981126 0001047469-98-042352.hdr.sgml : 19981126 ACCESSION NUMBER: 0001047469-98-042352 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19981125 GROUP MEMBERS: ALFRED D. KINGSLEY GROUP MEMBERS: GARY K. DUBERSTEIN GROUP MEMBERS: GREENBELT CORP. GROUP MEMBERS: GREENHOUSE PARTNERS,L.P. GROUP MEMBERS: GREENHUT OVERSEAS,L.L.C. GROUP MEMBERS: GREENHUT,L.L.C. GROUP MEMBERS: GREENSEA OFFSHORE,L.P. GROUP MEMBERS: GREENTREE PARTNERS,L.P. GROUP MEMBERS: GREENWAY PARTNERS L P SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GREYHOUND LINES INC CENTRAL INDEX KEY: 0000813040 STANDARD INDUSTRIAL CLASSIFICATION: LOCAL & SUBURBAN TRANSIT & INTERURBAN HWY PASSENGER TRAINS [4100] IRS NUMBER: 860572343 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-41800 FILM NUMBER: 98759878 BUSINESS ADDRESS: STREET 1: 15110 N DALLAS PKWY STE 600 CITY: DALLAS STATE: TX ZIP: 75248 BUSINESS PHONE: 9727897000 MAIL ADDRESS: STREET 1: 15110 N DALLAS PARKWAY STREET 2: SUITE 600 CITY: DALLAS STATE: TX ZIP: 75248 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GREENWAY PARTNERS L P CENTRAL INDEX KEY: 0000938356 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 277 PARK AVE 27TH FL CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2123505100 MAIL ADDRESS: STREET 1: 277 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 SC 13D/A 1 SC 13D/A - -------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------ SCHEDULE 13D Under the Securities Exchange Act of 1934, as amended (Amendment No.1) ------------------ Greyhound Lines, Inc. (Name of Issuer) ------------------ Common Stock, $.01 par value 398048108 (Title of class of securities) (CUSIP number) Gary K. Duberstein, Esq. Greenway Partners, L.P. 277 Park Avenue, 27th Floor New York, New York 10172 (212) 350-5100 (Name, address and telephone number of person authorized to receive notices and communications) - with copies to - Clifford E. Neimeth, Esq. Greenberg Traurig Met Life Building 200 Park Avenue New York, New York 10166 (212) 801-9200 November 23, 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 that is the subject of this Schedule 13D, and is filing this schedule because of ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [_]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ss. 240.13d-7 for other parties to whom copies are to be sent. Page 1 of 17 pages (Continued on following pages) - --------------------------------------------------------------------------------
- ------------------------------------------------------------------------------- CUSIP NO. 398048108 13D Page 2 of 16 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: GREENWAY PARTNERS, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-3714238 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ x ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC, OO - ------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) of 2(e): [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF INCORPORATION: Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 1,000,200 SHARES BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY EACH 9 SOLE DISPOSITIVE POWER: 1,000,200 REPORTING PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,000,200 - ------------------------------------------------------------------------------- 12 CHECK BOX IF AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES: [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11: 1.7% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - -------------------------------------------------------------------------------
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- ------------------------------------------------------------------------------- CUSIP NO. 398048108 13D Page 3 of 16 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: GREENTREE PARTNERS, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-3752875 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ x ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC, OO - ------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) of 2(e): [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF INCORPORATION: Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 300,000 SHARES BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY EACH 9 SOLE DISPOSITIVE POWER: 300,000 REPORTING PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 300,000 - ------------------------------------------------------------------------------- 12 CHECK BOX IF AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES: [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11: 0.5% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - -------------------------------------------------------------------------------
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- ------------------------------------------------------------------------------- CUSIP NO. 398048108 13D Page 4 of 16 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: GREENHOUSE PARTNERS, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-3793447 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ x ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC, AF, OO - ------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) of 2(e): [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF INCORPORATION: Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES BENEFICIALLY 8 SHARED VOTING POWER: 1,000,200 OWNED BY EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,000,200 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,000,200 - ------------------------------------------------------------------------------- 12 CHECK BOX IF AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES: [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11: 1.7% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - -------------------------------------------------------------------------------
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- ------------------------------------------------------------------------------- CUSIP NO. 398048108 13D Page 5 of 16 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: GREENHUT, L.L.C. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-3793450 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ x ] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC, AF, OO - ------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) of 2(e): [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF INCORPORATION: Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES BENEFICIALLY 8 SHARED VOTING POWER: 300,000 OWNED BY EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING PERSON WITH 10 SHARED DISPOSITIVE POWER: 300,000 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 300,000 - ------------------------------------------------------------------------------- 12 CHECK BOX IF AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES: [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11: 0.5% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO - -------------------------------------------------------------------------------
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- ------------------------------------------------------------------------------- CUSIP NO. 398048108 13D Page 6 of 16 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: GREENBELT CORP. S.S. OR I.R.S. IDENTIFICATION NO. OF 13-3791931 ABOVE PERSON: - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) [ x ] OF A GROUP: (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO - ------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS [ ] REQUIRED PURSUANT TO ITEM 2(d) of 2(e): - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF INCORPORATION: Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 2,018,500 SHARES BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY EACH 9 SOLE DISPOSITIVE POWER: 2,018,500 REPORTING PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 2,018,500 REPORTING PERSON: - ------------------------------------------------------------------------------- 12 CHECK BOX IF AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES: [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT 3.4% IN ROW 11: - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - -------------------------------------------------------------------------------
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- ------------------------------------------------------------------------------- CUSIP NO. 398048108 13D Page 7 of 16 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: GREENSEA OFFSHORE, S.S. OR I.R.S. IDENTIFICATION NO. OF L.P. ABOVE PERSON: - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) [ x ] OF A GROUP: (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC, OO - ------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS [ ] REQUIRED PURSUANT TO ITEM 2(d) of 2(e): - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF INCORPORATION: Cayman Islands - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 1,022,900 SHARES BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY EACH 9 SOLE DISPOSITIVE POWER: 1,022,900 REPORTING PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 1,022,900 REPORTING PERSON: - ------------------------------------------------------------------------------- 12 CHECK BOX IF AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES: [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT 1.7% IN ROW 11: - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: PN - -------------------------------------------------------------------------------
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- ------------------------------------------------------------------------------- CUSIP NO. 398048108 13D Page 8 of 16 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: GREENHUT OVERSEAS, S.S. OR I.R.S. IDENTIFICATION NO. OF L.L.C. ABOVE PERSON: 13-3868906 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) [ x ] OF A GROUP: (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC, AF, OO - ------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS [ ] REQUIRED PURSUANT TO ITEM 2(d) of 2(e): - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF INCORPORATION: Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES BENEFICIALLY 8 SHARED VOTING POWER: 1,022,900 OWNED BY EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,022,900 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 1,022,900 REPORTING PERSON: - ------------------------------------------------------------------------------- 12 CHECK BOX IF AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES: [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT 1.7% IN ROW 11: - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO - -------------------------------------------------------------------------------
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- ------------------------------------------------------------------------------- CUSIP NO. 398048108 13D Page 9 of 16 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: ALFRED D. KINGSLEY S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) [ x ] OF A GROUP: (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: PF, AF, OO - ------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS [ ] REQUIRED PURSUANT TO ITEM 2(d) of 2(e): - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF INCORPORATION: United States - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 20,100 SHARES BENEFICIALLY 8 SHARED VOTING POWER: 4,341,600 OWNED BY EACH 9 SOLE DISPOSITIVE POWER: 20,100 REPORTING PERSON WITH 10 SHARED DISPOSITIVE POWER: 4,341,600 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 4,361,700 REPORTING PERSON: - ------------------------------------------------------------------------------- 12 CHECK BOX IF AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES: [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT 7.3% IN ROW 11: - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------
9
- ------------------------------------------------------------------------------- CUSIP NO. 398048108 13D Page 10 of 16 Pages - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: GARY K. DUBERSTEIN S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) [ x ] OF A GROUP: (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: PF, AF, OO - ------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS [ ] REQUIRED PURSUANT TO ITEM 2(d) of 2(e): - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF INCORPORATION: United States - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES BENEFICIALLY 8 SHARED VOTING POWER: 4,341,600 OWNED BY EACH 9 SOLE DISPOSITIVE POWER: 0 REPORTING PERSON WITH 10 SHARED DISPOSITIVE POWER: 4,341,600 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 4,341,600 REPORTING PERSON: - ------------------------------------------------------------------------------- 12 CHECK BOX IF AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES: [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT 7.2% IN ROW 11: - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------
10 This Amendment No. 1 ("Amendment No. 1") amends the Statement on Schedule 13D (the "Schedule 13D") filed with the Commission on September 7, 1998 by and on behalf of Greenway, Greentree, Greenhouse, Greenhut, Greenbelt, Greensea, Greenhut Overseas and Messrs. Alfred D. Kingsley and Gary K. Duberstein (collectively, the "Reporting Persons"). All capitalized terms used and not defined in this Amendment No. 1 have the respective meanings assigned to them in the Schedule 13D. Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Since the filing with the Commission of the Schedule 13D, Greenway purchased an aggregate of 256,600 Shares for total consideration (including brokerage commissions) of $1,488,594 derived from the capital of Greenway and margin indebtedness from Bear, Stearns & Co. Inc. ("Bear, Stearns"), Daiwa Securities America Inc. ("Daiwa") and Salomon Smith Barney. Since the filing with the Commission of the Schedule 13D, Greentree purchased an aggregate of 66,800 shares for total consideration (including brokerage commissions) of $400,620 derived from the capital of Greentree and margin indebtedness from Bear, Stearns. Since the filing with the Commission of the Schedule 13D, Greensea purchased an aggregate of 555,100 Shares for total consideration (including brokerage commissions) of $3,157,739 derived from the capital of Greensea and margin indebtedness from Bear, Stearns. Since the filing with the Commission of the Schedule 13D, accounts managed by Greenbelt purchased an aggregate of 312,800 Shares for total consideration (including brokerage commissions) of $2,388,160 derived entirely from the capital in such managed accounts. ITEM 4. PURPOSE OF THE TRANSACTION The Reporting Persons have reviewed the terms of the proposed acquisition of the Company by Laidlaw Inc. pursuant to a merger in which holders of Shares would receive $6.50 per Share as set forth in a preliminary proxy statement filed with the Commission by the Company. In the opinion of the Reporting Persons, the $6.50 price per Share is inadequate, and the Reporting Persons presently intend to vote against the adoption of the proposed merger agreement. The Reporting Persons further intend to urge other shareholders of the Company to vote against adoption of the proposed merger agreement. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) As of the date of this Amendment No. 1, the Reporting Persons beneficially owned in the aggregate 4,361,700 Shares, constituting 7.3% of the outstanding Shares (such percentage having been calculated based upon the 60,128,175 Shares reportedly outstanding on November 6, 1998, as set forth in the Company's Quarterly Report on Form 10-Q for its fiscal quarter ended September 30, 1998). The Reporting Persons may be deemed to have direct beneficial ownership of Shares as follows: 11 NAME NUMBER OF SHARES ---- ---------------- Greenway 1,000,200 Greentree 300,000 Greenbelt 2,018,500 Greensea 1,022,900 Alfred D. Kingsley 20,100 Greenhouse, as the general partner of Greenway, may be deemed to own "beneficially" (as such term is defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act")) Shares in respect of which Greenway may be deemed to possess direct beneficial ownership. Each of Messrs. Kingsley and Duberstein, as general partners of Greenhouse, may be deemed to own beneficially Shares which Greenhouse may be deemed to own beneficially. Each of Messrs. Kingsley and Duberstein hereby disclaims, pursuant to Rule 13d-4 under the Exchange Act, beneficial ownership of such Shares for all other purposes. Greenhut, as the general partner of Greentree, may be deemed to own beneficially Shares in respect of which Greentree may be deemed to possess direct beneficial ownership. Each of Messrs. Kingsley and Duberstein, as members of Greenhut, may be deemed to own beneficially Shares which Greenhut may be deemed to own beneficially. Each of Messrs. Kingsley and Duberstein hereby disclaims, pursuant to Rule 13d-4 under the Exchange Act, beneficial ownership of such Shares for all other purposes. Greenhut Overseas, as the investment general partner of Greensea, may be deemed to own beneficially Shares in respect of which Greensea may be deemed to possess direct beneficial ownership. Each of Messrs. Kingsley and Duberstein, as members of Greenhut Overseas, may be deemed to own beneficially Shares which Greenhut Overseas may be deemed to own beneficially. Each of Messrs. Kingsley and Duberstein hereby disclaims, pursuant to Rule 13d-4 under the Exchange Act, beneficial ownership of such Shares for all other purposes. Greenbelt has direct beneficial ownership of the Shares in the accounts which it manages. In addition, Greenbelt is the investment advisor for Greenland. In such capacity, Greenbelt has the right to vote and direct the disposition of the 350,000 Shares held by Greenland and, consequently, has direct beneficial ownership of such Shares. Each of Messrs. Kingsley and Duberstein, as executive officers and directors of Greenbelt, may be deemed to own beneficially Shares which Greenbelt owns beneficially. Each of Messrs. Kingsley and Duberstein hereby disclaims, pursuant to Rule 13d-4 under the Exchange Act, beneficial ownership of such Shares for all other purposes. In October 1998, Greenland redeemed the entire equity interest owned by SIPL in Greenland. (b) Greenway has the sole power to vote or direct the vote of 1,000,200 Shares and the sole power to dispose or to direct the disposition of such Shares. Greenhouse and Messrs. Kingsley and Duberstein may be deemed to share with Greenway the power to vote or to direct the vote and to dispose or to direct the disposition of such Shares. 12 Greentree has the sole power to vote or direct the vote of 300,000 Shares and the sole power to dispose or direct the disposition of such Shares. Greenhut and Messrs. Kingsley and Duberstein may be deemed to share with Greentree the power to vote or to direct the vote and to dispose or to direct the disposition of such Shares. Greensea has the sole power to vote or direct the vote of 1,022,900 Shares and the sole power to dispose or direct the disposition of such Shares. Greenhut Overseas and Messrs. Kingsley and Duberstein may be deemed to share with Greensea the power to vote or to direct the vote and to dispose or to direct the disposition of such Shares. Greenbelt has the sole power to vote or direct the vote of 2,018,500 Shares and the sole power to dispose or direct the disposition of such Shares. Messrs. Kingsley and Duberstein may be deemed to share with Greenbelt the power to vote or to direct the vote and to dispose or to direct the disposition of such Shares. (c) Information concerning transactions in the Shares by the Reporting Persons during the preceding 60 days is set forth in Exhibit D attached hereto and incorporated herein by reference. (d) No other person is known to have the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of the Shares, except that the dividends from or proceeds from the sale of Shares in each respective account managed by Greenbelt will be delivered into each such respective account. No such individual managed account has an interest in more than 5% of the class of outstanding Shares. (e) Not applicable. 13 ITEM 7. MATERIAL TO BE FILED AS EXHIBITS The following Exhibit is filed herewith: D. Information concerning transactions in the Shares effected by the Reporting Persons in the preceding 60 days. 14 SIGNATURES After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information contained in this Statement is true, complete and correct. Dated: November 24, 1998 GREENHOUSE PARTNERS, L.P. GREENWAY PARTNERS, L.P. By: Greenhouse Partners, L.P., its general partner By: /s/ Gary K. Duberstein -------------------------- Gary K. Duberstein, general By: /s/ Gary K. Duberstein ------------------------------- partner Gary K. Duberstein, general partner GREENHUT, L.L.C. GREENTREE PARTNERS, L.P. By: Greenhut, L.L.C., its general partner By: /s/ Gary K. Duberstein -------------------------- Gary K. Duberstein, Member By: /s/ Gary K. Duberstein ------------------------------- Gary K. Duberstein, Member GREENHUT OVERSEAS, L.L.C. GREENSEA OFFSHORE, L.P. By: Greenhut Overseas, L.L.C., its investment general partner By: /s/ Gary K. Duberstein -------------------------- Gary K. Duberstein, Member By: /s/ Gary K. Duberstein ------------------------------- Gary K. Duberstein, Member GREENBELT CORP. By: /s/ Alfred D. Kingsley ------------------------------- Alfred D. Kingsley, President /s/ Alfred D. Kingsley ------------------------------- Alfred D. Kingsley, individual /s/ Gary K. Duberstein ------------------------------- Gary K. Duberstein, individual 15 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION - ----------- ----------- D. Information concerning transactions in the Shares effected by the Reporting persons in the last sixty days. 16 EX-99.D 2 EXHIBIT D Exhibit D TRANSACTIONS IN SHARES OF THE COMPANY The Reporting Persons engaged in the following transactions in Shares during the preceding 60 days or since the filing of the Schedule 13D, whichever is less. Other than the sale on October 27, 1998 by Greenbelt of 100,000 Shares effected on the American Stock Exchange at a price per share of $5.6875, all transactions involved purchases of Shares on the American Stock Exchange, Pacific Stock Exchange and Chicago Stock Exchange ("Midwest"), respectively, or in the over-the-counter market. Reporting Person Price per Share with Direct Beneficial Date of Number (Excluding Securities Ownership Transaction of Shares Commissions) Exchange - ---------------------- ----------- --------- --------------- ---------- Greenway 09/29/98 22,300 4.1250 American Greenway 11/05/98 5,500 5.7500 Pacific Greensea 11/10/98 64,800 6.0000 American Greensea 11/11/98 23,500 5.9375 Midwest Greensea 11/11/98 2,000 5.6875 Pacific Greensea 11/11/98 4,400 5.9375 American Greenway 11/12/98 15,000 5.9375 Midwest Greenway 11/12/98 5,000 5.9375 Pacific Greenway 11/12/98 6,400 5.9375 American Greensea 11/13/98 5,500 5.9375 American Greensea 11/13/98 10,000 5.9375 Midwest Greensea 11/16/98 129,800 5.9934 American Greenbelt 11/16/98 99,300 5.9934 American Greenway 11/16/98 29,700 5.9934 Midwest Greenway 11/16/98 3,000 5.9934 Pacific Greenway 11/16/98 26,000 5.9934 American Greenway 11/17/98 500 5.9375 Pacific Greenway 11/17/98 13,900 5.9375 Midwest Greenway 11/17/98 2,900 5.9375 American Greenway 11/18/98 7,500 5.9863 American Greenway 11/18/98 10,400 5.9863 Pacific Greenway 11/18/98 17,700 5.9863 Midwest Greenway 11/19/98 5,200 5.9375 Midwest Greenway 11/19/98 4,200 5.9375 American Greenway 11/19/98 1,200 5.9375 Pacific Greenway 11/20/98 24,400 5.9375 Midwest Greenway 11/20/98 10,500 5.9375 American Greenway 11/20/98 8,700 5.9375 Pacific Greenway 11/23/98 34,400 5.9375 Third Market Greenbelt 11/23/98 100,000 5.9375 American Greentree 11/23/98 66,800 5.9849 American Greensea 11/23/98 8,000 5.9849 Pacific Greensea 11/23/98 14,100 5.9849 Midwest Greensea 11/23/98 107,800 5.9849 American Greenbelt 11/24/98 168,500 5.9375 American Greensea 11/24/98 35,000 5.9375 American Greensea 11/24/98 28,000 5.9375 Pacific Greensea 11/24/98 30,000 5.9375 Midwest -----END PRIVACY-ENHANCED MESSAGE-----