<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )/1/
SIGNATURE RESORTS, INC.
-----------------------
(Name of Issuer)
COMMON STOCK
------------
(Title of Class of Securities)
82668B106
---------
(CUSIP Number)
- -----------
/1/ 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 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>
- ----------------------- ---------------------
CUSIP NO. 82668B106 13G PAGE 2 OF 10 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Canpartners Incorporated
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
California
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 1,474,511
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 1,474,511
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
2,334,575
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
10
[ ]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
13.4%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 82668B106 13G PAGE 3 OF 10 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Joshua S. Friedman
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,761,199
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,761,199
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
2,334,575
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
10
[ ]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
13.4%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 82668B106 13G PAGE 4 OF 10 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
R. Christian B. Evensen
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,761,199
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,761,199
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
2,334,575
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
10
[ ]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
13.4%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 82668B106 13G PAGE 5 OF 10 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Mitchell R. Julis
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 286,688
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,474,511
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 286,688
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,474,511
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
2,334,575
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
10
[ ]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
13.4%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
ITEM 1(a). NAME OF ISSUER:
This statement on Schedule 13G relates to Common Stock of Signature
Resorts, Inc. ("Signature").
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
The principle executive office of Signature is located at 5933 West Century
Boulevard, Suite 210, Los Angeles, California 90045.
ITEM 2(a). NAME OF PERSON FILING:
The persons* filing this statement on Schedule 13G are:
(i) Canpartners Incorporated
(ii) Joshua S. Friedman
(iii) R. Christian B. Evensen
(iv) Mitchell R. Julis
* Attached as Exhibit A is a copy of an agreement between the Persons
Filing (as specified hereinabove) that this Schedule 13G is being
filed on behalf of each of them.
ITEM 2(b). ADDRESS OF PRINCIPAL BUISNESS OFFICE:
The principal business office of the persons comprising the group filing
this Schedule 13G is located at 9665 Wilshire Boulevard, Suite 200, Beverly
Hills, California 90212.
ITEM 2(c). CITIZENSHIP:
Canpartners Incorporated is a California Corporation. Joshua S. Friedman,
R. Christian B. Evensen, and Mitchell R. Julis are all citizens of the U.S.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
The class of securities beneficially owned by the persons filing this
statement is common stock.
ITEM 2(e). CUSIP NUMBER:
The CUSIP Number is 82668B106
<PAGE>
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2(b),
CHECK WHETHER THE PERSON FILING IS A:
<TABLE>
<S> <C> <C>
(a) [ ] Broker or dealer registered under Section 15 of the Act,
(b) [ ] Bank as defined in Section 3(a)(6) of the Act,
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act,
(d) [ ] Investment Company registered under Section 8 of the
Investment Compnay Act,
(e) [ ] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940,
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Empoyee Retirement Income Security Act of
1974 or Endowment Fund, see 13d-1(b)(1)(ii)(F),
(g) [ ] Parent Holding Company, in accordance with Rule 13d-
1(b)(ii)(G), see Item 7,
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
</TABLE>
ITEM 4. OWNERSHIP:
The information in items 1 and 5 through 11 on the cover pages (pp.2 -5) on
Schedule 13G is hereby incorporated by reference.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities check the following. [ ]
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Not applicable.
<PAGE>
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP:
This group has filed this schedule 13G pursuant to Rule 13d-1(c) and the
identity of each member of the group is stated in Exhibit B attached hereto.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
ITEM 10. CERTIFICATION
Not applicable.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: January 21, 1997
CANPARTNERS INCORPORATED,
a California corporation
By: /s/ Joshua S. Friedman
--------------------------------
Name: Joshua S. Friedman
Title: Vice President
JOSHUA S. FRIEDMAN
/s/ Joshua S. Friedman
--------------------------------
Joshua S. Friedman
MITCHELL R. JULIS
/s/ Mitchell R. Julis
---------------------------------
Mitchell R. Julis
R. CHRISTIAN B. EVENSEN
/s/ R. Christian B. Evensen
-----------------------------------
R. Christian B. Evensen
<PAGE>
EXHIBIT A
AGREEMENT REGARDING JOINT FILING
--------------------------------
The undersigned hereby agree and consent to the joint filing on their
behalf of this Schedule 13G in connection with their beneficial ownership of the
common stock of Signature Resorts, Inc.
Dated: January 21, 1997
CANPARTNERS INCORPORATED,
a California corporation
By: /s/ Joshua S. Friedman
--------------------------------
Name: Joshua S. Friedman
Title: Vice President
JOSHUA S. FRIEDMAN
/s/ Joshua S. Friedman
--------------------------------
Joshua S. Friedman
MITCHELL R. JULIS
/s/ Mitchell R. Julis
----------------------------------
Mitchell R. Julis
R. CHRISTIAN B. EVENSEN
/s/ R. Christian B. Evensen
----------------------------------
R. Christian B. Evensen
<PAGE>
EXHIBIT B
IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
This exhibit is filed in response to Item 8. Canpartners Incorporated
("Canyon") is the direct owner of 123,269 shares of common stock of Signature
Resorts, Inc. ("shares"). In addition, Canyon is the sole general partner of 3
limited partnerships which are the holders of record of the following amounts:
<TABLE>
<S> <C>
CPI Securities L.P. 927,274
Canpartners Investments II, L.P. 380,003
Canpartners Investments V, L.P. 43,965
---------
TOTAL 1,351,242
</TABLE>
Thus, Canyon may be deemed to beneficially own and have sole voting and
dispositive power over a total of 1,474,511 shares.
Joshua S. Friedman, R. Christian B. Evensen, and Mitchell R. Julis are the
sole shareholders and directors of Canyon and may be deemed to share beneficial
ownership of the shares shown as owned by Canyon and the indicated limited
partnerships.
In addition, Beth C. Friedman, the wife of Joshua S. Friedman, owns 286,688
shares of which Joshua S. Friedman may be deemed to share beneficial ownership.
Thus, Joshua S. Friedman may be deemed to share beneficial ownership of and
share voting and dispositive power over a total of 1,761,199 shares.
Also, Loretta G. Evensen, the wife of R. Christian B. Evensen, owns 286,688
shares of which R. Christian B. Evensen may be deemed to share beneficial
ownership. Thus, R. Christian B. Evensen may be deemed to share beneficial
ownership of and share voting and dispositive power over a total of 1,761,199
shares.
Mitchell R. Julis directly owns 286,688 shares. Thus, Mitchell R. Julis
has sole voting and dispositive power over 286,688 shares and shares voting and
dispositive power over 1,474,511 shares.
