-----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, NK+O3lmrHzSeSuwk+PBxKiCyxgJN9XEwmovGfqMGBewN2OCeRQTcdRaQlqF1ma0r RZ/a+u8uCwZFfAF9MxSm/Q== 0000932799-98-000063.txt : 19980506 0000932799-98-000063.hdr.sgml : 19980506 ACCESSION NUMBER: 0000932799-98-000063 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980505 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL RV HOLDINGS INC CENTRAL INDEX KEY: 0000910655 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR HOMES [3716] IRS NUMBER: 330371079 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-51137 FILM NUMBER: 98610815 BUSINESS ADDRESS: STREET 1: 3411 N PERRIS BLVD CITY: PERRIS STATE: CA ZIP: 92571 BUSINESS PHONE: 9099436007 MAIL ADDRESS: STREET 1: 3411 N PERRIS BLVD CITY: PERRIS STATE: CA ZIP: 92571 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SC FUNDAMENTAL INC CENTRAL INDEX KEY: 0000919094 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 133563937 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 712 5TH AVE 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2129573500 MAIL ADDRESS: STREET 1: 712 5TH AVENUE 19TH FL STREET 2: 712 5TH AVENUE 19TH FL CITY: NEW YORK STATE: NY ZIP: 10019 SC 13D/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 11) NATIONAL R.V. HOLDINGS, INC. (Name of Issuer) Common Stock par value $0.01 (Title of Class of Securities) 637277104 (CUSIP Number) Stephen M. Davis, Esq. Werbel & Carnelutti A Professional Corporation 711 Fifth Avenue, New York, New York 10022, (212) 832-8300 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 30, 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 13-d- 1(b)(3) or (4), check the following box [ ]. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purposes 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). Page 1 of 29 Pages SCHEDULE 13D - ------------------- ------------------ CUSIP No. 637277104 Page 2 of 29 Pages - ------------------- ------------------ ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Gary N. Siegler - ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ---------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------- 4 SOURCE OF FUNDS PF, OO - ---------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ---------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ---------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ---------------------------------------------------------------- 7 SOLE VOTING POWER 459,330 (Includes 313,750 options) - ---------------------------------------------------------------- 8 SHARED VOTING POWER 663,418 - ---------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 459,330 (Includes 313,750 options) - ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 663,418 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,122,748 (Includes 313,750 options) - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.5% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 637277104 Page 3 of 29 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Peter M. Collery - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS PF, OO - ----------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 108,000 (includes 82,500 underlying options) - ----------------------------------------------------------------- 8 SHARED VOTING POWER 616,713 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 108,000 (includes 82,500 underlying options) - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 616,713 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 724,713 (includes 82,500 underlying options) - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.0% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 637277104 Page 4 of 29 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Arena-NRV Investors, L.P. - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS WC - ----------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------- 8 SHARED VOTING POWER 57,408 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 57,408 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 57,408 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.9% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 637277104 Page 5 of 29 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The SC Fundamental Value Fund, L.P. - ----------------------------------------------------------------- 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 BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------- 8 SHARED VOTING POWER 199,917 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 199,917 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 199,917 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ---------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.1% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 637277104 Page 6 of 29 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SC Fundamental Value BVI, Inc. - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS OO - ---------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ---------------------------------------------------------------- 8 SHARED VOTING POWER 100,177 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 100,177 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100,177 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.5% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 637277104 Page 7 of 29 Pages - ------------------- ------------------ ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SC Fundamental Inc. - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS OO - ----------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------- 8 SHARED VOTING POWER 199,917 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 199,917 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 199,917 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.1% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 637277104 Page 8 of 29 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Siegler, Collery & Co. - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS OO - ----------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------- 8 SHARED VOTING POWER 173,332 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 173,332 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 173,332 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.7% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 637277104 Page 9 of 29 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Siegler, Collery & Co. Employees' Savings and Profit Sharing Plan - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS WC - ----------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------- 8 SHARED VOTING POWER 17,295 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 17,295 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 17,295 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.3% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON EP ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 637277104 Page 10 of 29 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON R.V. Dolphin Partners, L.P. - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS WC - ----------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------- 8 SHARED VOTING POWER 58,017 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 58,017 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 58,017 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.9% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 637277104 Page 11 of 29 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Dolphin Partners II, L.P. - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS WC - ----------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------- 8 SHARED VOTING POWER 10,567 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 10,567 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,567 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ---------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.2% - ---------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 637277104 Page 12 of 29 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Insight Investors, L.P. - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS WC - ----------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------- 8 SHARED VOTING POWER 96,771 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 96,771 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 96,771 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ---------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.5% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 637277104 Page 13 of 29 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Motorhome Partners, L.P. - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS WC - ----------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------- 8 SHARED VOTING POWER 6,790 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 6,790 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,790 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.1% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 637277104 Page 14 of 29 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SC-BVI Partners - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS OO - ----------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------- 8 SHARED VOTING POWER 100,177 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 100,177 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100,177 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.5% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 637277104 Page 15 of 29 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SC Fundamental Value BVI, Ltd. - ----------------------------------------------------------------- 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 BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - ----------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------- 8 SHARED VOTING POWER 100,177 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 100,177 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100,177 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.5% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 637277104 Page 16 of 29 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SC Fundamental, LLC - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS OO - ----------------------------------------------------------------- 5 CHECK BOX 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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------- 8 SHARED VOTING POWER 199,917 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 199,917 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 199,917 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.1% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 637277104 Page 17 of 29 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Gary N. Siegler Foundation - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS OO - ----------------------------------------------------------------- 5 CHECK BOX 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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------- 8 SHARED VOTING POWER 46,705 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 46,705 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 46,705 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.7% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 637277104 Page 18 of 29 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SC-Dolphin, Inc. - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS OO - ----------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------- 8 SHARED VOTING POWER 68,584 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 68,584 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 68,584 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.1% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 637277104 Page 19 of 29 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Arena Capital Corp. - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS OO - ----------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------- 8 SHARED VOTING POWER 57,408 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 57,408 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 57,408 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.9% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 637277104 Page 20 of 29 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Neil H. Koffler - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS WC, OO - ----------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 60,028 (Includes 56,250 options) - ----------------------------------------------------------------- 8 SHARED VOTING POWER 300,094 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 60,028 (Includes 56,250 options) - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 300,094 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 360,122 (Includes 56,250 options) - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.5% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN ================================================================= SCHEDULE 13D - ---------------------- -------------------- CUSIP No. 6372771104 Page 21 of 29 Pages - ---------------------- -------------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Curtis G. Macnguyen - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS OO - ----------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 7,500 (constitutes 7,500 shares underlying options.) - ----------------------------------------------------------------- 8 SHARED VOTING POWER 300,094 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 7,500 (constitutes 7,500 shares underlying options.) - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 300,094 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 307,594 (constitutes 7,500 shares underlying options.) - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.7% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN ================================================================ Page 22 of 29 Pages AMENDMENT NO. 11 TO THE SCHEDULE 13D This statement constitutes Amendment No. 11 to the Schedule 13D relating to the Common Stock, par value $0.01 per share ("Common Stock"), of National R.V. Holdings, Inc. (the "Issuer") filed by SC Fundamental Inc. ("SC"), The SC Fundamental Value Fund, L.P. ("Fund"), SC Fundamental Value BVI, Inc. ("BVI Inc."), Gary N. Siegler ("Siegler"), Peter M. Collery ("Collery"), Siegler, Collery & Co ("SCC"), Siegler, Collery & Co. Employees' Savings and Profit Sharing Plan ("Employee Plan"), R.V. Dolphin Partners, L.P. ("R.V.-Dolphin"), Dolphin Partners II, L.P. ("Dolphin II"), Insight Investors, L.P. ("Insight"), Arena-NRV Investors, L.P. ("Arena"), Motorhome Partners, L.P. ("Motorhome"), The Gary N. Siegler Foundation ("Foundation"), Arena Capital Corp. ("Capital"), SC-Dolphin, Inc. ("Dolphin"), SC Fundamental, LLC ("SCFLLC"), SC Fundamental Value BVI, Ltd. ("BVI Fund"), SC-BVI Partners, Neil H. Koffler ("Koffler") and Curtis G. Macnguyen ("Macnguyen") (collectively, the "Reporting Persons"). Item 5. Interest in Securities of the Issuer (a) As of the close of business on May 5, 1998, the Reporting Persons, by virtue of the language of Rule 13d-3(d)(1)(i), may be deemed to own beneficially in the aggregate the number and percentage of the Issuer's Common Stock set forth opposite their names below (based upon 6,490,639 Shares that were reported to be outstanding in the Issuer's Form 10-K as of March 18, 1998). Page 23 of 29 Pages
================================================================= Shares of Name Common Stock Percentage - ----------------------------------------------------------------- SC Fundamental Inc. 199,917 3.1% - ----------------------------------------------------------------- The SC Fundamental Value Fund, L.P. 199,917 3.1% - ----------------------------------------------------------------- SC Fundamental Value BVI, Inc. 100,177 1.5% - ----------------------------------------------------------------- Gary N. Siegler (1) 1,122,748 16.5% - ----------------------------------------------------------------- Peter M. Collery (2) 724,713 11.0% - ----------------------------------------------------------------- Arena-NRV Investors, L.P. 57,408 0.9% - ----------------------------------------------------------------- Arena Capital Corp. 57,408 0.9% - ----------------------------------------------------------------- Dolphin Partners II, L.P. 10,567 0.2% - ----------------------------------------------------------------- Motorhome Partners, L.P. 6,790 0.1% - ----------------------------------------------------------------- Insight Investors, L.P. 96,771 1.5% - ----------------------------------------------------------------- R.V. Dolphin Partners, L.P. 58,017 0.9% - ----------------------------------------------------------------- Siegler, Collery & Co. 173,332 2.7% - ----------------------------------------------------------------- Siegler, Collery & Co. Employee's Savings and Profit Sharing Plan 17,295 0.3% - ----------------------------------------------------------------- SC-BVI Partners 100,177 1.5% - ----------------------------------------------------------------- SC Fundamental Value BVI, Ltd. 100,177 1.5% - ----------------------------------------------------------------- SC Fundamental, LLC 199,917 3.1% - ----------------------------------------------------------------- The Gary N. Siegler Foundation 46,705 0.7% - ----------------------------------------------------------------- SC-Dolphin, Inc. 68,584 1.1% - ----------------------------------------------------------------- Neil H. Koffler(3) 360,122 5.5% - ----------------------------------------------------------------- Curtis G. Macnguyen 307,594 4.7% ================================================================= - ------------
Page 24 of 29 - --------------------- (1) Includes 313,750 shares underlying options. (2) Includes 82,500 shares underlying options. (3) Includes 56,250 shares underlying options. (b) Siegler and Collery, by virtue of their status as principal members of SCFLLC, the general partner of Fund, and as the controlling stockholders, directors and executive officers of SC, the corporate member and manager of SCFLLC, may be deemed to share with Fund, SCFLLC and SC the power to vote or direct the vote and to dispose or to direct the disposition of shares of Common Stock of which Fund is the direct beneficial owner. Koffler and Macnguyen, by virtue of their status as employee members of SCFLLC, the general partner of Fund, may be deemed to share with Fund and SCFLLC the power to vote or direct the vote and to dispose or to direct the disposition of shares of Common Stock of which Fund is the direct beneficial owner. Siegler and Collery, by virtue of their status as controlling stockholders, directors and executive officers of BVI Inc., the managing general partner of SC-BVI Partners, which is the investment manager of BVI Fund, may be deemed to share with BVI Inc., SC-BVI Partners and BVI Fund the power to vote or direct the vote and to dispose or direct the disposition of shares of Common Stock of which BVI Fund is the direct beneficial owner. Koffler and Macnguyen, by virtue of their execution of a binding term sheet relating to the restructuring of the ownership of the entities which control BVI Fund, may be deemed to share with BVI Fund the power to vote or direct the vote and to dispose or direct the disposition of shares of Common Stock of which BVI Fund is the direct beneficial owner. Because BVI Fund and SC-BVI Partners could be deemed to share with BVI Inc. the power to vote or direct the vote and the power to dispose or direct the disposition of such shares of Common Stock (and as to which BVI Inc. exercises such power), BVI Fund and SC-BVI Partners have been added as Reporting Persons. Siegler and Collery, by virtue of their status as controlling stockholders, directors and executive officers of Dolphin, the general partner of R.V.-Dolphin and Dolphin II, may be deemed to share with Dolphin, R.V.-Dolphin and Dolphin II the power to vote or direct the vote and to dispose or direct the disposition of shares of Common Stock of which each of R.V.- Dolphin and Dolphin II is the direct beneficial owner. Siegler and Collery, by virtue of their status as controlling stockholders, directors and executive officers of Capital, the general partner of Arena, may be deemed to share with Capital and Arena the power to vote or direct the vote and Page 25 of 29 Pages to dispose or direct the disposition of shares of Common Stock of which Arena is the direct beneficial owner. Siegler and Collery, by virtue of their status as controlling stockholders, directors and executive officers of SCC, the general partner of each of Motorhome and Insight, may be deemed to share with SCC, Motorhome and Insight the power to vote or direct the vote and to dispose or direct the disposition of shares of Common Stock of which each of SCC, Motorhome and Insight is the direct beneficial owner. Siegler and Collery, by virtue of their status as trustees of the Employee Plan, may be deemed to share with Employee Plan the power to vote or direct the vote and to dispose or direct the disposition of shares of Common Stock of which Employee Plan is the direct beneficial owner. Siegler, by virtue of his status as the sole director and officer of Foundation, may be deemed to share with Foundation the power to vote or direct the vote and to dispose or to direct the disposition of shares of Common Stock of which Foundation is the direct beneficial owner. Siegler has the sole power to vote or direct the vote and to dispose or to direct the disposition of 459,330 shares of Common Stock of which he is the direct beneficial owner. Collery has the sole power to vote or direct the vote and to dispose or to direct the disposition of 108,000 shares of Common Stock of which he is the direct beneficial owner. Koffler has the sole power to vote or direct the vote and to dispose or to direct the disposition of 60,028 shares of Common Stock of which he is the direct beneficial owner. Macnguyen has the sole power to vote or direct the vote and to dispose or to direct the disposition of 7,500 shares of Common Stock of which he is the direct beneficial owner. (c) The following table sets forth the transactions effected by each of the Reporting Persons listed in Item 5(a) since the filing of Amendment No.10 on Schedule 13D on April 23, 1998. Unless otherwise noted, each of the transactions set forth below reflects a sale effected on the Nasdaq National Market. Page 26 of 29 Pages
================================================================= BVI, Inc. Trade Price Per on behalf Employee Date Share ($) Fund of BVI Ltd. Plan SCC - ----------------------------------------------------------------- 04/28/98 39.063 23,280 11,620 0 0 - ----------------------------------------------------------------- 04/29/98 39.700 16,140 8,060 0 0 - ----------------------------------------------------------------- 04/30/98 39.334 15,810 7,890 0 0 - ----------------------------------------------------------------- 05/01/98 38.636 15,271 7,629 0 0 - ----------------------------------------------------------------- 05/04/98 38.776 0 0 0 20,500 - ----------------------------------------------------------------- 05/05/98 38.792 0 0 0 30,000 =================================================================
Page 27 of 29 Pages After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Dated: April 23, 1998 SC FUNDAMENTAL INC. R.V. DOLPHIN PARTNERS, L.P. By: SC DOLPHIN, INC., as General Partner By: /s/ Peter M. Collery By: /s/ Peter M. Collery - ---------------------------- ------------------------- Neil H. Koffler as Attorney- Neil H. Koffler as Attorney- in-Fact for Peter M. Collery in-Fact for Peter M. Collery Vice President(1) Vice President(1) THE SC FUNDAMENTAL VALUE FUND, INSIGHT INVESTORS, L.P. L.P. By: SIEGLER, COLLERY & CO., By: SC FUNDAMENTAL, LLC, as General Partner as General Partner By: /s/ Peter M. Collery By: /s/ Peter M. Collery ---------------------------- - --------------------------- Neil H. Koffler as Attorney- Neil H. Koffler as Attorney- in-Fact for Peter M. Collery in-Fact for Peter M. Collery Vice President(1) Vice President(1) SC FUNDAMENTAL VALUE BVI, INC. DOLPHIN PARTNERS II, L.P. By: SC-DOLPHIN, INC., as General Partner By: /s/ Peter M. Collery By: /s/ Peter M. Collery - --------------------------- --------------------------- Neil H. Koffler as Attorney- Neil H. Koffler as Attorney- in-Fact for Peter M. Collery in-Fact for Peter M. Collery Vice President(1) Vice President(1) /s/ Gary N. Siegler SIEGLER, COLLERY & CO. - --------------------------- EMPLOYEES SAVINGS AND Neil H. Koffler as Attorney- PROFIT SHARING PLAN in-Fact for Gary N. Siegler(1) By: /s/ Peter M. Collery ------------------------- /s/ Peter M. Collery Neil H. Koffler as Attorney - ---------------------------- in-Fact for Peter M. Neil H. Koffler as Attorney- Collery, Vice President(1) in-Fact for Peter M. Collery(1) Page 28 of 29 Pages ARENA-NRV INVESTORS, L.P. By: ARENA CAPITAL CORP., as General Partner By: /s/ Peter M. Collery - ----------------------------- Neil H. Koffler as Attorney- in-Fact for Peter M. Collery Vice President(1) MOTORHOME PARTNERS, L.P. By: SIEGLER, COLLERY & CO., as General Partner By: /s/ Peter M. Collery - ----------------------------- Neil H. Koffler as Attorney- in-Fact for Peter M. Collery Vice President(1) SIEGLER, COLLERY & CO. By: /s/ Peter M. Collery By: /s/ Curtis G. Macnguyen - ----------------------------- ---------------------------- Neil H. Koffler as Attorney- Curtis G. Macnguyen in-Fact for Peter M. Collery Vice President(1) SC FUNDAMENTAL, LLC THE GARY N. SIEGLER FOUNDATION By: SC FUNDAMENTAL INC., By: /s/ Gary N. Siegler as Manager --------------------------- Neil H. Koffler, as By: /s/ Peter M. Collery Attorney-in-Fact for - -------------------------- Gary N. Siegler Neil H. Koffler as Attorney- President(1) in-Fact for Peter M. Collery Vice President(1) Page 29 of 29 Pages ARENA CAPITAL CORP. SC-BVI PARTNERS By: SC FUNDAMENTAL VALUE BVI, By: /s/ Peter M. Collery INC., as Managing General _________________________ Partner Neil H. Koffler as By: /s/ Peter M. Collery Attorney-in-Fact for Peter - ---------------------------- M. Collery Neil H. Koffler as Attorney- Vice President(1) in-Fact for Peter M. Collery Vice President(1) SC-DOLPHIN, INC. SC FUNDAMENTAL VALUE BVI, LTD. BY: SC FUNDAMENTAL VALUE By: /s/ Peter M. Collery BVI, INC., ------------------------- as Managing General Partner Neil H. Koffler as of Investment Manager Attorney-in-Fact for Peter M. Collery By: /s/ Peter M. Collery Vice President(1) - ---------------------------- Neil H. Koffler as Attorney- in-Fact for Peter M. Collery Vice President(1) /s/ Neil H. Koffler ________________________ Neil H. Koffler (1) Executed by Neil H. Koffler as Attorney-In-Fact for Peter M. Collery and Gary N. Siegler. The Powers of Attorney for Messrs. Collery and Siegler were filed as Exhibit A to Amendment No. 5 to Schedule 13D relating to US Facilities Corporation on August 4, 1995 and is hereby incorporated herein by reference. 118532 -----END PRIVACY-ENHANCED MESSAGE-----