-----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, TJ0MJLJCxqFo81AUSyUU7x4M5/D4PoMUsJUsxZggzu1SD86OEtVncqCqqX0sp3zT I9hIBtlbOXN5EH6bNXV2yg== 0001005477-97-001691.txt : 19970619 0001005477-97-001691.hdr.sgml : 19970619 ACCESSION NUMBER: 0001005477-97-001691 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970618 SROS: NONE GROUP MEMBERS: ALEXANDER BERLEY 1994 CREDIT SHELTER TRUST GROUP MEMBERS: CANDLEWOOD TRUST, MORAD KALIMIAN, TRUSTEE GROUP MEMBERS: CAROLINE BERLEY 1994 CREDIT SHELTER TRUST GROUP MEMBERS: KALIMIAN MARK D GROUP MEMBERS: LINDA BERLEY GROUP MEMBERS: MARK D. KALIMIAN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KTI INC CENTRAL INDEX KEY: 0000931581 STANDARD INDUSTRIAL CLASSIFICATION: COGENERATION SERVICES & SMALL POWER PRODUCERS [4991] IRS NUMBER: 222665282 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-47003 FILM NUMBER: 97625985 BUSINESS ADDRESS: STREET 1: 7000 BLVD E CITY: GUTTENBERG STATE: NJ ZIP: 07093 BUSINESS PHONE: 2018547777 MAIL ADDRESS: STREET 1: 7000 BOULEVARD EAST CITY: GUTTENBERG STATE: NJ ZIP: 07093 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KALIMIAN MARK D CENTRAL INDEX KEY: 0000930497 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O ABINGTON HOLDING STREET 2: 950 THIRD AVE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127595000 MAIL ADDRESS: STREET 1: C/O ABINGTON HOLDING STREET 2: 950 THIRD AVE CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 AMENDMENT NO. 3 TO SCHEDULE 13D Page 1 of 22 Pages UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------------- SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 3)* KTI, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 482689205 - -------------------------------------------------------------------------------- (CUSIP Number) Mr. Mark D. Kalimian c/o Abington Holding 950 Third Avenue New York, NY 10022 (212) 759-5000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 16, 1997 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. - ---------- * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D CUSIP No. 482689205 Page 2 of 22 Pages - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Mona Kalimian - -------------------------------------------------------------------------------- 2 Check the Appropriate Box If a Member of a Group* a. |X| b. |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* PF - -------------------------------------------------------------------------------- 5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of Shares 204,750 Beneficially -------------------------------------------------------- Owned By 8 Shared Voting Power Each Reporting Person -------------------------------------------------------- With 9 Sole Dispositive Power 204,750 -------------------------------------------------------- 10 Shared Dispositive Power - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 204,750 - -------------------------------------------------------------------------------- 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 2.95% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 22 Pages UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------------- SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 3)* KTI, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 482689205 - -------------------------------------------------------------------------------- (CUSIP Number) Mr. Mark D. Kalimian c/o Abington Holding 950 Third Avenue New York, NY 10022 (212) 759-5000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 16, 1997 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. - ---------- * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D CUSIP No. 482689205 Page 4 of 22 Pages - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Mark D. Kalimian - -------------------------------------------------------------------------------- 2 Check the Appropriate Box If a Member of a Group* a. |X| b. |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* PF - -------------------------------------------------------------------------------- 5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of Shares 26,225 Beneficially -------------------------------------------------------- Owned By 8 Shared Voting Power Each Reporting Person -------------------------------------------------------- With 9 Sole Dispositive Power 26,225 -------------------------------------------------------- 10 Shared Dispositive Power - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 26,225 - -------------------------------------------------------------------------------- 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X| - -------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 0.38% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 5 of 22 Pages UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------------- SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 3)* KTI, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 482689205 - -------------------------------------------------------------------------------- (CUSIP Number) Mr. Mark D. Kalimian c/o Abington Holding 950 Third Avenue New York, NY 10022 (212) 759-5000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 16, 1997 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. - ---------- * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D CUSIP No. 482689205 Page 6 of 22 Pages - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Linda Berley - -------------------------------------------------------------------------------- 2 Check the Appropriate Box If a Member of a Group* a. |X| b. |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* PF - -------------------------------------------------------------------------------- 5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of Shares 20,150 Beneficially -------------------------------------------------------- Owned By 8 Shared Voting Power Each Reporting Person -------------------------------------------------------- With 9 Sole Dispositive Power 20,150 -------------------------------------------------------- 10 Shared Dispositive Power - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 20,150 - -------------------------------------------------------------------------------- 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X| - -------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 0.29% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 7 of 22 Pages UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------------- SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 3)* KTI, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 482689205 - -------------------------------------------------------------------------------- (CUSIP Number) Mr. Mark D. Kalimian c/o Abington Holding 950 Third Avenue New York, NY 10022 (212) 759-5000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 16, 1997 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. - ---------- * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D CUSIP No. 482689205 Page 8 of 22 Pages - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Candlewood Trust, Morad Kalimian, Trustee - -------------------------------------------------------------------------------- 2 Check the Appropriate Box If a Member of a Group* a. |X| b. |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* PF - -------------------------------------------------------------------------------- 5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization New York - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of Shares 142,800 Beneficially -------------------------------------------------------- Owned By 8 Shared Voting Power Each Reporting Person -------------------------------------------------------- With 9 Sole Dispositive Power 142,800 -------------------------------------------------------- 10 Shared Dispositive Power - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 142,800 - -------------------------------------------------------------------------------- 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |X| - -------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 2.03% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* OO (Trust) - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 9 of 22 Pages UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------------- SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 3)* KTI, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 482689205 - -------------------------------------------------------------------------------- (CUSIP Number) Mr. Mark D. Kalimian c/o Abington Holding 950 Third Avenue New York, NY 10022 (212) 759-5000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 16, 1997 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. - ---------- * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D CUSIP No. 482689205 Page 10 of 22 Pages - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Caroline Berley 1994 Credit Shelter Trust, Mona Kalimian, Trustee - -------------------------------------------------------------------------------- 2 Check the Appropriate Box If a Member of a Group* a. |X| b. |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* PF - -------------------------------------------------------------------------------- 5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization New York - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of Shares 21,000 Beneficially -------------------------------------------------------- Owned By 8 Shared Voting Power Each Reporting Person -------------------------------------------------------- With 9 Sole Dispositive Power 21,000 -------------------------------------------------------- 10 Shared Dispositive Power - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 21,000 - -------------------------------------------------------------------------------- 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 0.30% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* OO (Trust) - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 11 of 22 Pages UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------------- SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 3)* KTI, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 482689205 - -------------------------------------------------------------------------------- (CUSIP Number) Mr. Mark D. Kalimian c/o Abington Holding 950 Third Avenue New York, NY 10022 (212) 759-5000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 16, 1997 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. - ---------- * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D CUSIP No. 482689205 Page 12 of 22 Pages - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Alexander Berley 1994 Credit Shelter Trust, Mona Kalimian, Trustee - -------------------------------------------------------------------------------- 2 Check the Appropriate Box If a Member of a Group* a. |X| b. |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds* PF - -------------------------------------------------------------------------------- 5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization New York - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of Shares 21,000 Beneficially -------------------------------------------------------- Owned By 8 Shared Voting Power Each Reporting Person -------------------------------------------------------- With 9 Sole Dispositive Power 21,000 -------------------------------------------------------- 10 Shared Dispositive Power - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 21,000 - -------------------------------------------------------------------------------- 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares* |_| - -------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 0.30% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* OO (Trust) - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! This statement relates to the common stock, par value $.01 per share (the "Common Stock"), of KTI, Inc., a New Jersey corporation (the "Company"). This statement constitutes Amendment No. 3 to the Schedule 13D of Mona Kalimian, Mark D. Kalimian, Linda Berley, Candlewood Trust, Caroline Berley 1994 Credit Shelter Trust and the Alexander Berley 1994 Credit Shelter Trust originally filed with the Commission on August 4, 1995 ("Initial Filing") and which was amended and restated on October 4, 1996 (the "Amended and Restated 13D") in accordance with Rule 13d-2(c) and amended by Amendment No. 2 thereto filed with the Commission on October 17, 1996 (the "Second Amendment"). Except as disclosed herein, there has been no change in the information previously reported in the Second Amendment. Capitalized terms not defined herein shall have the meanings ascribed to them in the Amended and Restated 13D. Item 5. Interest in Securities of the Issuer Item 5 is amended by the following: (a) deleting the first paragraph of Item 5 and by adding the following in place thereof: "According to the Company's Quarterly Report on Form 10Q for the period ended March 31, 1997, the Company has 6,907,262 shares of Common Stock outstanding as of May 12, 1997." (b) deleting the first paragraph under the caption "Mona Kalimian" and by adding the following in place thereof: "As of the date hereof, the Reporting Person Mona Kalimian is the beneficial owner of 204,750 shares of Common Stock, or 2.95% of the outstanding Common Stock, calculated in accordance with Rule 13d-3(d)(1). Of such 204,750 shares of Common Stock, 162,750 shares of Common Stock are owned directly. Mrs. Kalimian has sole voting and dispositive power with respect to these 162,750 shares." Page 13 of 22 Pages (c) adding the following after the last paragraph under the caption "Mona Kalimian": "Since the filing of the Second Amendment, Mona Kalimian (i) received as a stock dividend issued by the Company on March 14, 1997 (the "Dividend"), 8,750 shares of Common Stock and (ii) sold on the open market, shares of Common Stock in the amounts and for the sale prices per share as follows: Number of Shares Date Sold Sale Price ---- ---- ---------- March 7, 1997 1,000 $9 1/4 March 10, 1997 2,000 9 1/4 March 10, 1997 2,000 9 1/4 March 11, 1997 2,000 9 3/8 March 11, 1997 3,000 9 3/16 March 11, 1997 5,000 9 3/8 June 12, 1997 5,000 9 June 12, 1997 5,000 9 June 12, 1997 5,000 9 June 16, 1997 6,000 9 1/8 Additionally, in connection with the Dividend, the number of shares of stock underlying the Warrants were increased by 5% and the Exercise Price of the Warrants was reduced by 5% (the "Warrant Adjustment"). Accordingly, the number of shares of Common Stock underlying the Warrants indirectly beneficially owned by Mrs. Kalimian as sole trustee of both the Caroline Trust and the Alexander Trust increased by 2,000 shares and the Exercise Price of the Warrants was reduced to approximately $5.48 per share." (d) deleting the first paragraph under the caption "Mark Kalimian" and by adding the following in place thereof: "As of the date hereof, the Reporting Person Mark Kalimian is the beneficial owner of 26,225 shares of Common Stock, or 0.38% of the outstanding Common Stock, calculated in accordance with Rule 13d-3(d)(1). Such ownership is direct. Mr. Kalimian has sole voting and dispositive power with respect to these shares." (e) adding the following after the last paragraph under the caption "Mark Kalimian": "Since the filing of the Second Amendment, Mark Kalimian (i) received in connection with the Dividend, 1,725 shares of Common Stock and (ii) sold on the open market, shares of Common Stock in the amounts and for the sale prices per share as follows: Page 14 of 22 Pages Number of Shares Date Sold Sale Price ---- ---- ---------- March 3, 1997 10,000 $9 June 12, 1997 5,000 9 June 12, 1997 5,000 9 (f) deleting the first paragraph under the caption "Linda Berley" and by adding the following in place thereof: "As of the date hereof, the Reporting Person Linda Berley is the beneficial owner of 20,150 shares of Common Stock, or 0.29% of the outstanding Common Stock, calculated in accordance with Rule 13d-3(d)(1). Such ownership is direct. Ms. Berley has sole voting and dispositive power with respect to these shares." (g) adding the following after the last paragraph under the caption "Linda Berley": "Since the filing of the Second Amendment, Linda Berley (i) received in connection with the Dividend, 1,150 shares of Common Stock and (ii) sold on the open market, shares of Common Stock in the amounts and for the sale prices per share as follows: Number of Shares Date Sold Sale Price ---- ---- ---------- February 28, 1997 2,500 $9 March 4, 1997 2,500 9 March 6, 1997 5,000 9 June 12, 1997 4,000 9 (h) deleting the first paragraph under the caption "Candlewood Trust" and by adding the following in place thereof: "As of the date hereof, the Reporting Person Candlewood Trust is the beneficial owner of 142,800 shares of Common Stock, or 2.03% of the outstanding Common Stock, calculated in accordance with Rule 13d-3(d)(1). Such ownership is direct. Morad Kalimian, as sole trustee of the Candlewood Trust, has sole voting and dispositive power with respect to these shares." (i) adding the following after the last paragraph under the caption "Candlewood Trust": "Since the filing of the Second Amendment, and as a result of the Warrant Adjustment, the number of shares underlying Warrants held by the Candlewood Trust increased by 6,800 shares and the Exercise Price of the Warrants was reduced to approximately $5.48 per share." (j) deleting the first paragraph under the caption "Caroline Trust" and by adding the following in place thereof: Page 15 of 22 Pages "As of the date hereof, the Reporting Person Caroline Trust is the beneficial owner of 21,000 shares of Common Stock, or 0.30% of the outstanding Common Stock, calculated in accordance with Rule 13d-3(d)(1). Such ownership is direct. Mrs. Kalimian as sole trustee of the Caroline Trust, has sole voting and dispositive power with respect to these shares." (k) adding the following after the last paragraph under the caption "Caroline Trust": "Since the filing of the Second Amendment, and as a result of the Warrant Adjustment, the number of shares underlying Warrants beneficially owned by the Caroline Trust increased by 1,000 shares and the Exercise Price of the Warrants was reduced to approximately $5.48 per share." (l) deleting the first paragraph under the caption "Alexander Trust" and by adding the following in place thereof: "As of the date hereof, the Reporting Person Alexander Trust is the beneficial owner of 21,000 shares of Common Stock, or 0.30% of the outstanding Common Stock, calculated in accordance with Rule 13d-3(d)(1). Such ownership is direct. Mrs. Kalimian as sole trustee of the Caroline Trust, has sole voting and dispositive power with respect to these shares." (m) adding the following after the last paragraph under the caption "Caroline Trust": "Since the filing of the Second Amendment, and as a result of the Warrant Adjustment, the number of shares underlying Warrants beneficially owned by the Alexander Trust increased by 1,000 shares and the Exercise Price of the Warrants was reduced to approximately $5.48 per share." Page 16 of 22 Pages Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. June 18, 1997 /s/ Mona Kalimian - ------------- ----------------- Date Signature Mona Kalimian ----------------- Name Page 17 of 22 Pages Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. June 18, 1997 /s/ Mark D. Kalimian - ------------------ -------------------- Date Signature Mark D. Kalimian -------------------- Name Page 18 of 22 Pages Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. June 18, 1997 /s/ Linda Berley - ------------------ -------------------- Date Signature Linda Berley -------------------- Name Page 19 of 22 Pages Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. June 18, 1997 /s/ Morad Kalimian - ------------------ ------------------------------ Date Morad Kalimian, as trustee for the Candlewood Trust Page 20 of 22 Pages Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. June 18, 1997 /s/ Mona Kalimian - ------------------ ------------------------------- Date Mona Kalimian, as trustee for the Caroline Berley 1994 Credit Shelter Trust Page 21 of 22 Pages Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. June 18, 1997 /s/ Mona Kalimian - ------------------ ----------------------------- Date Mona Kalimian, as trustee for the Alexander Berley 1994 Credit Shelter Trust Page 22 of 22 Pages -----END PRIVACY-ENHANCED MESSAGE-----