<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(AMENDMENT NO. 3)
Under the Securities Exchange Act of 1934
Pyramid Breweries, Inc.
-----------------------
(Name of Issuer)
Common Shares
-------------
(Title of Class of Securities)
747135101
---------
(CUSIP Number)
Robert G. Hutchins
Gordon, Thomas, Honeywell, Malanca,
Peterson & Daheim, P.L.L.C.
Suite 2200, Wells Fargo Plaza
1201 Pacific Avenue
Tacoma, Washington 98402
(253) 572-5050
--------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 2, 2001
---------------
(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-l(b)(3) or (4), check the following box. [ ]
Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-l(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 the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).
-1-
<PAGE> 2
<TABLE>
<S> <C>
1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
Sugar Mountain Capital, L.L.C.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
b. X
3. SEC USE ONLY:
----------------------------------------------------------------------------------------------
4. SOURCE OF FUNDS:
N/A
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
[ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
Washington
NUMBER OF SHARES BENEFICIALLY OWNED BY 7. SOLE VOTING POWER: -0-
EACH REPORTING PERSON WITH: ---------------
8. SHARED VOTING POWER: -0-
---------------
9. SOLE DISPOSITIVE POWER: -0-
---------------
10. SHARED DISPOSITIVE POWER: -0-
---------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
-0-
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
-0-
14 TYPE OF REPORTING PERSON:
OO
</TABLE>
-2-
<PAGE> 3
ITEM I. SECURITY AND ISSUER
Shares of voting common stock, without par value, (the "Common Shares"), of
Pyramid Breweries, Inc., a Washington corporation (the Issuer"). The address of
the principal executive offices of the Issuer is 91 South Royal Brougham Way,
Seattle, Washington 98134.
ITEM 2. IDENTITY AND BACKGROUND
The person filing this statement, its place of organization, managing partner
and controlling persons, relevant legal history and domicile are as follows:
(a) Sugar Mountain Capital, LLC, a Washington limited liability company
("SMC").
(b) The business address of SMC, and of its manager and controlling person
named in (c) below, is 2415 Carillon Point Kirkland, WA, 98033.
(c) Sugar Mountain is a private investment company. Kurt B. Dammeier
("Dammeier") is the legal owner and sole managing member of SMC.
(d) During the last five years, neither SMC nor Dammeier has been convicted
in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, neither SMC nor Dammeier was party to a
civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which either 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) SMC is domiciled in Washington, USA. Dammeier is a citizen of the USA.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The source and amount of funds used in purchasing the Common Shares
requiring the filing of this Schedule were as follows:
N/A
ITEM 4. PURPOSE OF TRANSACTION
On January 2, 2001, SMC sold its 1,607,600 Common Shares to Kurt
Dammeier, its managing member, to divest itself entirely of its equity interest
in the Issuer, a liquor wholesaler. The purpose was to permit an affiliate of
SMC to apply for a retail liquor license in accordance with Washington
regulations prohibiting cross-ownership by affiliated licensees of financial
interests in both wholesalers and retailers of alcoholic beverages. SMC has not
entered any agreement or relationship, or reached any understanding, with any
other seller or purchaser, to acquire or dispose of any Common Shares in the
future.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
The beneficial ownership of the Common Shares of the person named in
Item 2 of this statement is as follows at the date hereof:
-3-
<PAGE> 4
<TABLE>
<CAPTION>
Aggregate
Beneficially Owned Voting Power Dispositive
-------------------- ----------------------- ---------------------
Name Number Percent Sole Shared Sole Shared
------------------ -------- ---------- -------- --------- ------- ----------
<S> <C> <C> <C> <C> <C> <C>
SMC -0- -0-% -0- -0- -0- -0-
</TABLE>
The persons filing this statement effected the following transactions in the
Common Shares on the dates indicated, and such transactions are the only
transactions by the persons filing this statement in the Common Shares since
November 3, 2000:
<TABLE>
<CAPTION>
PURCHASE OR NUMBER OF
NAME SALE DATE SHARES PRICE PER SHARE
--------------------- --------------- --------------- -------------- ----------------
<S> <C> <C> <C> <C>
SMC S 1/2/01 1,607,600 $2.00
</TABLE>
All transactions were executed on the Nasdaq National Market.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
N/A
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS
N/A
SlGNATURE
After reasonable inquiry and to the best of my knowledge, I certify that
the information set forth in this statement is true, complete and correct.
DATE: January 10, 2001
SUGAR MOUNTAIN CAPITAL, LLC
By:/s/ Kurt B. Dammeier
--------------------
Kurt B. Dammeier, Manager
-4-
