SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. )(1)
TAM RESTAURANTS, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
874835101
(CUSIP Number)
February 10, 1998
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|_| Rule 13d-1(c)
|X| Rule 13d-1(d)
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(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 ("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>
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CUSIP No. 874835101 13G Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Jeanne Cretella
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
Not Applicable (b)|_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY 62,500 (represents currently exercisable options
OWNED BY to purchase 62,500 shares)
EACH ------------------------------------------------------
PERSON 6 SHARED VOTING POWER
REPORTING 1,179,235
WITH
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7 SOLE DISPOSITIVE POWER
62,500 (represents currently exercisable options
to purchase 62,500)
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8 SHARED DISPOSITIVE POWER
1,179,235
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,241,735 (includes currently exercisable options to purchase 62,500
shares)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |X|
Does not include the following shares: (i) 500,000 shares held in trusts
for the benefit of Mrs. Cretella's daughter of which Mrs. Cretella's spouse
has sole voting and dispositive power, (ii) 93,750 shares of Common Stock
issuable upon exercise of currently exercisable options held by Mrs.
Cretella's spouse, and (iii) 144,081 shares issuable upon conversion of
Series A Preferred Stock held by Mrs. Cretella's spouse. The reporting
person disclaims beneficial ownership of the common stock held in trust for
her daughter as well as common stock underlying options and Series A
Preferred Stock held by her spouse.
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
34.8%
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12 TYPE OF REPORTING PERSON
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1(a). Name of Issuer:
TAM Restaurants, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
1163 Forest Avenue
Staten Island, NY 10310
Item 2(a). Name of Person Filing:
This Schedule 13G is filed on behalf of Jeanne Cretella (a
"Reporting Person").
Item 2(b). Address of Principal Business Office or, if None, Residence:
TAM Restaurants, Inc.
1163 Forest Avenue
Staten Island, NY 10310
Item 2(c). Citizenship:
Mrs. Cretella is a United States citizen.
Item 2(d). Title of Class of Securities:
Common Stock, par value $.0001 per share
Item 2(e). CUSIP Number:
874835101
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b) or (c), check whether the person filing is a:
(a) - (j): Not applicable.
If this statement is filed pursuant to Rule 13d-1(c), check this
box. |_|
Not applicable.
Item 4. Ownership:
(a) Amount Beneficially Owned: At December 31, 1998, Mrs.
Cretella beneficially owned 1,241,735 shares. This number
excludes the following shares to which Mrs. Cretella disclaims
beneficial ownership: (i) 500,000 shares held by trusts for the
benefit of Mr. and Mrs. Cretella's daughter for which Mr. and
Mrs. Cretella are co-trustees and for which Mr. Cretella has sole
voting and dispositive power, (iii) 93,750 shares of Common Stock
issuable upon exercise of currently exercisable options held by
Mr. Cretella, and (iv) 144,081 shares of Common Stock issuable
upon conversion of Series A Preferred Stock held by Mr. Cretella.
(b) Percent of Class: 34.8%
<PAGE>
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 62,500
(represents currently exercisable options to purchase
62,500 shares)
(ii) shared power to vote or to direct the vote: 1,179,235
(iii) sole power to dispose or to direct the disposition of:
62,500 (represents currently exercisable options to
purchase 62,500 shares)
(iv) shared power to dispose or to direct the disposition
of: 1,179,235
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable.
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.
Item 8. Identification and Classification of Members of the Group.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certifications.
Not Applicable.
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of the undersigned's knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: February 12, 1999
/s/ Jeanne Cretella
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(Signature)
Jeanne Cretella
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(Name)
