-----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, H3fIGQLG0PUQ8uP3QfaZG1k3BmftmLs1yTxm+25GoYlQdWZlBORT+3t3bZtKGlZu csbVne1bzzc4lLpywZ/MaA== 0001047469-99-010178.txt : 19990318 0001047469-99-010178.hdr.sgml : 19990318 ACCESSION NUMBER: 0001047469-99-010178 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990317 GROUP MEMBERS: TCA, N.V. GROUP MEMBERS: THREE CITIES ASSCOAITES, L.P. GROUP MEMBERS: THREE CITIES FUND II LP GROUP MEMBERS: THREE CITIES OFFSHORE ASSOCIATES, N.V. GROUP MEMBERS: THREE CITIES OFFSHORE II C.V. GROUP MEMBERS: THREE CITIES RESEARCH, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FAMILY BARGAIN CORP CENTRAL INDEX KEY: 0000813775 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651] IRS NUMBER: 510299573 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-39314 FILM NUMBER: 99567449 BUSINESS ADDRESS: STREET 1: 4000 RUFFIN ROAD STREET 2: 6TH FLR CITY: SAN DIEGO STATE: CA ZIP: 92123-1866 BUSINESS PHONE: 6196271800 MAIL ADDRESS: STREET 1: 4000 RUFFIN ROAD CITY: SAN DIEG STATE: CA ZIP: 92123-1866 FORMER COMPANY: FORMER CONFORMED NAME: DRS INDUSTRIES INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: LONGWOOD GROUP LTD DATE OF NAME CHANGE: 19920527 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: THREE CITIES FUND II LP CENTRAL INDEX KEY: 0000949290 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 135 E 57TH ST STREET 2: THREE CITIES RESEARCH INC CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2128389660 MAIL ADDRESS: STREET 1: C/O THREE CITIES RESEARCH INC STREET 2: 135 EAST 57TH ST CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 SC 13D/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------------------- SCHEDULE 13D/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 -------------------------- FACTORY 2-U STORES, INC. (Name of Issuer) -------------------------- COMMON STOCK, PAR VALUE $0.01 PER SHARE (Title of Class of Securities) -------------------------- 306889403 (Cusip Number) -------------------------- DAVID W. BERNSTEIN, ESQ. ROGERS & WELLS LLP 200 PARK AVENUE NEW YORK, NEW YORK 10166 (212) 878-8000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) -------------------------- JANUARY 4, 1999 (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 / /. Page 1 of 15 Pages Exhibit Index at Page - ------------------- ------------------ CUSIP No. 306889403 13D Page 2 of 15 Pages - ------------------- ------------------ - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON THREE CITIES FUND II, L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCES OF FUNDS OO - Partner Contributions - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) / / - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 UNITS ----------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY EACH 1,506,531 REPORTING ----------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER 0 ----------------------------------------------- 10. SHARED DISPOSITIVE POWER 1,506,531 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,044,844 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.5% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- - ------------------- ------------------ CUSIP No. 306889403 13D Page 3 of 15 Pages - ------------------- ------------------ - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON THREE CITIES ASSOCIATES, L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCES OF FUNDS Not Applicable - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) / / - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 UNITS ----------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY EACH 1,506,531 REPORTING ----------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER 0 ----------------------------------------------- 10. SHARED DISPOSITIVE POWER 1,506,531 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,044,844 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.5% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- - ------------------- ------------------ CUSIP No. 306889403 13D Page 4 of 15 Pages - ------------------- ------------------ - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON THREE CITIES RESEARCH, INC. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCES OF FUNDS Not Applicable - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) / / - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 UNITS ----------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY EACH 4,044,844 REPORTING ----------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER 0 ----------------------------------------------- 10. SHARED DISPOSITIVE POWER 4,044,844 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,044,844 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.5% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- - ------------------- ------------------ CUSIP No. 306889403 13D Page 5 of 15 Pages - ------------------- ------------------ - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON THREE CITIES OFFSHORE II C.V. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCES OF FUNDS OO - Partner Contributions - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) / / - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION NETHERLANDS ANTILLES - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 UNITS ----------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY EACH 2,538,313 REPORTING ----------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER 0 ----------------------------------------------- 10. SHARED DISPOSITIVE POWER 2,538,313 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,044,844 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.5% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- - ------------------- ------------------ CUSIP No. 306889403 13D Page 6 of 15 Pages - ------------------- ------------------ - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON THREE CITIES OFFSHORE ASSOCIATES, N.V. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCES OF FUNDS Not Applicable - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) / / - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION NETHERLANDS ANTILLES - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 UNITS ----------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY EACH 2,538,313 REPORTING ----------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER 0 ----------------------------------------------- 10. SHARED DISPOSITIVE POWER 2,538,313 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,044,844 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.5% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- - ------------------- ------------------ CUSIP No. 306889403 13D Page 7 of 15 Pages - ------------------- ------------------ - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON TCA, N.V. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCES OF FUNDS Not Applicable - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) / / - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Netherland Antilles - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 UNITS ----------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY EACH 2,538,313 REPORTING ----------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER 0 ----------------------------------------------- 10. SHARED DISPOSITIVE POWER 2,538,313 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,044,844 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.5% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- - ------------------- ------------------ CUSIP No. 306889403 13D Page 8 of 15 Pages - ------------------- ------------------ - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON THREE CITIES FUND II, L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCES OF FUNDS Not Applicable - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) / / - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 UNITS ----------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY EACH 2,538,313 REPORTING ----------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER 0 ----------------------------------------------- 10. SHARED DISPOSITIVE POWER 2,538,313 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,044,844 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.5% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- CUSIP No. 306889403 AMENDMENT NO. 2 TO SCHEDULE 13Ds This Amendment No. 2 amends and supplements Schedule 13Ds, filed on January 22, 1997, and Amendments No. 1 to those Schedule 13Ds, filed on April 4, 1997 (together the "Schedule 13D") in the following respects only: ITEM 1. SECURITY AND ISSUER. Item 1 is amended by adding the following: On November 24, 1997, by reason of a merger of Company with a wholly owned subsidiary, the name of the Company was changed to "Factory 2-U Stores, Inc." ITEM 2 . IDENTITY AND BACKGROUND. Item 2 is amended and restated in its entirety to be as follows: (a)-(c) The persons (the "Reporting Persons") filing this statement are Three Cities Fund II L.P., a Delaware limited partnership ("Fund II"), TCR Associates, L.P., a Delaware limited partnership ("TCR Associates"), Three Cities Offshore II C.V., a Netherlands Antilles limited partnership ("Offshore II"), TCR Offshore Associates L.P., a Netherlands Antilles limited partnership ("TCR Offshore"), Three Cities Associates, N.V., a Netherlands Antilles corporation ("TCA, N.V."), J. William Uhrig ("Uhrig"), and Three Cities Research, Inc., a Delaware corporation ("Research"). Fund II and Offshore II are collectively referred to as the "Three Cities Funds." FUND II Fund II is a Delaware limited partnership, formed to invest in securities to be selected by its investment committee. The principal business address of Fund II, which also serves as its principal office, is c/o Three Cities Research, Inc., 650 Madison Avenue, New York, New York 10022. The information about TCR Associates, the sole general partner of Fund II, required by Instruction C to Schedule 13D is set forth below. TCR ASSOCIATES TCR Associates is a Delaware limited partnership, the principal business of which is serving as the sole general partner of Fund II. The principal business address of TCR Associates, which also serves as its principal office, is c/o Three Cities Research, Inc., 650 Madison Avenue, New York, New York 10022. The information about Research, the sole general partner of TCR Associates, required by Instruction C to Schedule 13D is set forth below. OFFSHORE II Offshore II is a Netherlands Antilles partnership, formed to invest in securities to be selected by its investment committee. The principal business address of Offshore II, which also serves as its principal office, is Caracasbaaiweg 201, P.O. Box 6085, Curacao, Netherlands Antilles. The information about TCR Offshore, the sole general partner of Offshore II, required by Instruction C to Schedule 13D is set forth below. TCR OFFSHORE TCR Offshore is a Netherlands Antilles limited partnership, the principal business of which is serving as the general partner of Offshore II. The principal business address of TCR Offshore, which also serves as its principal office, is Caracasbaaiweg 201, P.O. Box 6085, Curacao, Netherlands Antilles. The information about TCA N.V., the sole general partner of TCR Offshore, required by Instruction C to Schedule 13D is set forth below. TCA, N.V. TCA, N.V. is a Netherlands Antilles corporation, the principal business of which is serving as the general partner of TCR Offshore. The principal business address of TCA, N.V., which also serves as its principal office, is Caracasbaaiweg 201, P.O. Box 6085, Caracas, Netherlands Antilles. The information about J. William Uhrig, the sole officer, director and stockholder of TCA, N.V., required by Instruction C to Schedule 13D is set forth below. UHRIG J. William Uhrig is an individual who is the sole officer, director and stockholder of TCA, N.V. The name, residence or business address, and present principal occupation or employment of Mr. Uhrig is as follows:
Residence or Principal Occupation Name Business Address or Employment - ---- ---------------- ------------- J. William Uhrig c/o Three Cities Research, Inc. Secretary and a Managing Director of Three 650 Madison Avenue Cities Research, Inc. New York, NY 10022
RESEARCH Research is a Delaware corporation which serves as the sole general partner of TCR Associates. Research is also the advisor to the Three Cities Funds and, pursuant to a management agreement with the general partner of each of the Three Cities Funds, Research has voting and dispositive power over the shares of Common Stock reported as beneficially owned by the Three Cities Funds on this Schedule 13D. The principal business address of Research is 650 Madison Avenue, New York, NY 10022. The name, residence or business address, and present principal occupation or employment of each executive officer and director of Research is as follows:
Residence or Principal Occupation Name Business Address or Employment - ---- ---------------- ------------- Willem F.P. de Vogel c/o Three Cities Research, Inc. President and a Managing Director of Three 650 Madison Avenue Cities Research, Inc. New York, NY 10022 J. William Uhrig c/o Three Cities Research, Inc. Secretary and a Managing Director of Three 650 Madison Avenue Cities Research, Inc. New York, NY 10022 Thomas G. Weld c/o Three Cities Research, Inc. Treasurer and a Managing Director of Three 650 Madison Avenue Cities Research, Inc. New York, NY 10022
(d) None of the entities or persons identified in this Item 2 has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) None of the entities or persons identified in this Item 2 has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, 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. (f) Each individual named in this Item 2 is a citizen of the United States of America, except that Willem F.P. de Vogel is a citizen of the Kingdom of the Netherlands. 2 ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Item 3 is amended by adding the following: Immediately before November 24, 1997, Offshore II owned 390,979 shares of Common Stock and 11,060 shares of Series B Junior Convertible, Exchangeable Preferred Stock ("Series B Preferred") and Fund II owned 231,198 shares of Common Stock and 6,666 shares of Series B Preferred. By reason of a merger of a wholly owned subsidiary into the Company, which became effective on November 24, 1998, Offshore II became the owner of 2,071,541 shares of Common Stock and Fund II became the owner of 1,224,963 shares of Common Stock. Immediately following the merger, there were a total of 11,275,381 shares of Common Stock outstanding. Therefore, the shares Offshore II owned constituted 18.37% of the outstanding Common Stock and the shares Fund II owned constituted 10.86% of the outstanding Common Stock. On December 15, 1998 and January 4, 1999, by exercising Rights issued by the Company (including an over subscription privilege included in those Rights), Offshore II acquired a total of 466,772 shares of Common Stock for $6,068,036 and Fund II acquired a total of 281,568 shares of Common Stock for $3,660,384. Because the Company issued a total of 800,000 shares upon exercise of Rights, following completion of the Rights offering, the Company had 12,075,381 shares outstanding, the shares owned by Offshore II constituted 21.02% of those shares, the shares owned by Fund II constituted 12.48% of those shares, and the shares owned by Offshore II and Fund II together constituted 33.50% of those shares. Offshore II and Fund II used contributions from their respective partners to fund the purchases of shares through exercise of Rights. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Item 5 is amended and restated in its entirety as follows: (a) FUND II Fund II may, pursuant to Rule 13d-5 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), be deemed to be the beneficial owner of 4,044,844 shares of Common Stock, which constitute approximately 33.5% of the 12,075,381 shares of Common Stock which are outstanding. The 4,044,844 shares include 1,506,531 shares (12.48% of the outstanding shares) directly owned by Fund II and 2,538,313 shares (21.02% of the outstanding shares) directly owned by Offshore II. TCR ASSOCIATES In its capacity as the sole general partner of Fund II, TCR Associates may, pursuant to Rules 13d-3 and 13d-5 under the Exchange Act, be deemed to be the beneficial owner of 4,044,844 shares of Common Stock, which constitute approximately 33.5% of the 12,075,381 shares of Common Stock which are outstanding. OFFSHORE II Offshore II may, pursuant to Rule 13d-5 under the Exchange Act, be deemed to be the beneficial owner of 4,044,844 shares of Common Stock, which constitute approximately 33.5% of the 12,075,381 shares of Common Stock which are outstanding. The 4,044,844 shares include 2,538,313 shares (21.02% of the outstanding shares) directly owned by Offshore II and 1,506,531 shares (12.48% of the outstanding shares) directly owned by Fund II. TCR OFFSHORE In its capacity as the sole general partner of Offshore II, TCR Offshore may, pursuant to Rules 13d-3 and 13d-5 under the Exchange Act, be deemed to be the beneficial owner of 4,044,844 shares of Common 3 Stock, which constitute approximately 33.5% of the 12,075,381 shares of Common Stock which are outstanding. TCA N.V. In its capacity as the sole general partner of TCR Offshore, TCA N.V. may, pursuant to Rules 13d-3 and 13d-5 under the Exchange Act, be deemed to be the beneficial owner of 4,044,844 shares of Common Stock, which constitute approximately 33.5% of the 12,075,381 outstanding shares of Common Stock. UHRIG As the sole stockholder, the President and the only director of TCA, N.V., which is the sole general partner of TCR Offshore, which in turn is the sole general partner of Offshore II, Uhrig may, pursuant to Rules 13d-3 and 13d-5 under the Exchange Act, be deemed to be the beneficial owner of 4,044,844 shares Common Stock, which constitute approximately 33.5% of the 12,075,381 outstanding shares of Common Stock. THREE CITIES RESEARCH As the investment advisor to Offshore II and Fund II, with the power to direct voting by both Offshore II and Fund II and to direct the disposition of assets by both Fund II and Offshore II, Three Cities Research may, pursuant to Rule 13d-3 under the Exchange Act, be deemed to be the beneficial owner of 4,044,844 shares of Common Stock, which constitute approximately 33.5% of the 12,075,381 outstanding shares of Common Stock. (b) Fund II and TCR Associates may be deemed to share the power to vote or direct the vote, and to dispose of or direct the disposition of, 1,506,531 shares of Common Stock. Offshore II, TCR Offshore, TCA, N.V. and Uhrig may be deemed to share the power to vote or direct the vote, and to dispose of or direct the disposition of, 2,538,313 shares of Common Stock. Research may be deemed to share the power to vote or direct the vote, and to dispose of or direct the disposition of, 4,044,844 shares of Common Stock. (c) On November 24, 1997, the Company merged with a wholly owned subsidiary in a transaction in which (i) each outstanding share of common stock became .30133 shares of a new Common Stock, (ii) each share of Series A Convertible Preferred Stock became one share of the new Common Stock, and (iii) each share of Series B Preferred became 173.33 shares of the new Common Stock. Prior to that merger, Offshore II owned 390,979 shares of Common Stock and 11,060 shares of Series B Preferred and Fund II owned 231,198 shares of common stock and 6,666 shares of Series B Preferred. By reason of the merger, Offshore II became the owner of 2,071,541 shares of the new Common Stock and Fund II became the owner of 1,224,963 shares of Common Stock. On October 21, 1998, the Company issued to the holders of its pre-merger stock Rights entitling them to purchase a total of 800,000 shares of post-merger Common Stock for $13 per share in cash. If a holder of Rights exercised the Rights, the Holder was entitled to over subscribe to purchase shares that were offered to holders of Rights but not purchased because the Rights were not exercised. On December 15, 1998, Offshore II purchased 144,082 shares of Common Stock for $1,873,066 through exercise of Rights and Fund II purchased 90,752 shares of Common Stock for $1,179,776 through exercise of Rights. Subsequently, on January 4, 1998, Offshore II purchased 322,690 shares of Common Stock for $4,194,970 through exercise of the over subscription privilege included in its Rights and Fund II purchased 190,816 4 shares of Common Stock for $2,480,608 through exercise of the over subscription privilege included in its Rights. Except as described above, none of the persons named in Item 2 purchased any shares of the Company during the 60 days preceding the date of this Schedule 13D. (d) Fund II has the right to receive the dividends from, and the proceeds of disposition of, 1,506,531 shares of Common Stock. Offshore II has the right to receive the dividends from, and the proceeds of disposition of, 2,538,313 shares of Common Stock. 5 SIGNATURES 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: January 31, 1999 THREE CITIES FUND II, L.P. By: TCR Associates, L.P., its General Partner By: Three Cities Research, Inc., its General Partner By: /s/ Willem F.P. de Vogel --------------------------- Name: Willem F.P. de Vogel Title: President By: TCR ASSOCIATES, L.P. By: Three Cities Research, Inc. its General Partner By: /s/ Willem F.P. de Vogel --------------------------- Name: Willem F.P. de Vogel Title: President THREE CITIES OFFSHORE II C.V. By: TCR Offshore Associates, L.P. its General Partner By: Three Cities Associates, N.V., its General Partner By: /s/ J. William Uhrig --------------------------- Name: J. William Uhrig Title: President TCR OFFSHORE ASSOCIATES, L.P. By: Three Cities Associates, N.V. its General Partner By: /s/ J. William Uhrig --------------------------- Name: J. William Uhrig Title: President THREE CITIES ASSOCIATES, N.V. By: /s/ J. William Uhrig --------------------------- Name: J. William Uhrig Title: President 6 THREE CITIES RESEARCH, INC. By: /s/ Willem F.P. de Vogel --------------------------- Name: Willem F.P. de Vogel Title: President 7 -----END PRIVACY-ENHANCED MESSAGE-----