UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 25)*
SIGNAL APPAREL COMPANY, INC.
(Name of Issuer)
Common Stock, Par Value $.01 Per Share
(Title of Class of Securities)
9460486
(CUSIP Number)
Guido Goldman
FS Signal Associates I
499 Park Avenue
New York, New York 10022
212-688-4010
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 30, 1994
(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 [ ].
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-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).
<PAGE>
SCHEDULE 13D
CUSIP NO. 9460486 PAGE 2 OF PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FS Signal Associates I
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF
A GROUP
(A) [ ]
(B) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
NUMBER OF 7. SOLE VOTING POWER
SHARES 0 (SEE ITEM 5)
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (SEE ITEM 5)
EACH 9. SOLE DISPOSITIVE POWER
REPORTING 0 (SEE ITEM 5)
PERSON 10. SHARED DISPOSITIVE POWER
WITH 0 (SEE ITEM 5)
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
0 (see Item 5)
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0 (see Item 5)
14. TYPE OF REPORTING PERSON
PN
* SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
<PAGE>
SCHEDULE 13D
CUSIP NO. 9460486 PAGE 3 OF PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FS SIGNAL ASSOCIATES II
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF
A GROUP
(A) [ ]
(B) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
CONNECTICUT
NUMBER OF 7. SOLE VOTING POWER
SHARES 0 (SEE ITEM 5)
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH 9. SOLE DISPOSITIVE POWER
REPORTING 0 (SEE ITEM 5)
PERSON 10. SHARED DISPOSITIVE POWER
WITH 0
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
0 (see Item 5)
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0 (see Item 5)
14. TYPE OF REPORTING PERSON
PN
* SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
<PAGE>
SCHEDULE 13D
CUSIP NO. 9460486 PAGE 4 OF PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JERICHO HOLDINGS LIMITED (IRS. NO. 98-0105329)
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF
A GROUP
(A) [ ]
(B) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
NUMBER OF 7. SOLE VOTING POWER
SHARES 0 (SEE ITEM 5)
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (SEE ITEM 5)
EACH 9. SOLE DISPOSITIVE POWER
REPORTING 0 (SEE ITEM 5)
PERSON 10. SHARED DISPOSITIVE POWER
WITH 0 (SEE ITEM 5)
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
0 (see Item 5)
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0 (see Item 5)
14. TYPE OF REPORTING PERSON
CO
* SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
<PAGE>
SCHEDULE 13D
CUSIP NO. 9460486 PAGE 5 OF PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CROCODILE ASSOCIATES
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF
A GROUP
(A) [ ]
(B) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
BAHAMAS
NUMBER OF 7. SOLE VOTING POWER
SHARES 0 (SEE ITEM 5)
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (SEE ITEM 5)
EACH 9. SOLE DISPOSITIVE POWER
REPORTING 0 (SEE ITEM 5)
PERSON 10. SHARED DISPOSITIVE POWER
WITH 0 (SEE ITEM 5)
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
0 (see Item 5)
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0 (see Item 5)
14. TYPE OF REPORTING PERSON
PN
* SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
<PAGE>
SCHEDULE 13D
CUSIP NO. 9460486 PAGE 6 OF PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JOSHUA ASSOCIATES
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF
A GROUP
(A) [ ]
(B) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
BAHAMAS
NUMBER OF 7. SOLE VOTING POWER
SHARES 0 (SEE ITEM 5)
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (SEE ITEM 5)
EACH 9. SOLE DISPOSITIVE POWER
REPORTING 0 (SEE ITEM 5)
PERSON 10. SHARED DISPOSITIVE POWER
WITH 0 (SEE ITEM 5)
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
0 (see Item 5)
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0 (see Item 5)
14. TYPE OF REPORTING PERSON
PN
* SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
<PAGE>
SCHEDULE 13D
CUSIP NO. 9460486 PAGE 7 OF PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TURBO TRUST (IRS NO. 06-6291137)
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF
A GROUP
(A) [ ]
(B) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
CONNECTICUT
NUMBER OF 7. SOLE VOTING POWER
SHARES 0 (SEE ITEM 5)
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (SEE ITEM 5)
EACH 9. SOLE DISPOSITIVE POWER
REPORTING 0 (SEE ITEM 5)
PERSON 10. SHARED DISPOSITIVE POWER
WITH 0 (SEE ITEM 5)
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
0 (see Item 5)
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0 (see Item 5)
14. TYPE OF REPORTING PERSON
OO
* SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
<PAGE>
SCHEDULE 13D
CUSIP NO. 9460486 PAGE 8 OF PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SAIDYE ROSNER BRONFMAN AVA TRUST (IRS NO. 06-6289947)
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF
A GROUP
(A) [ ]
(B) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
CONNECTICUT
NUMBER OF 7. SOLE VOTING POWER
SHARES 0 (SEE ITEM 5)
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (SEE ITEM 5)
EACH 9. SOLE DISPOSITIVE POWER
REPORTING 0 (SEE ITEM 5)
PERSON 10. SHARED DISPOSITIVE POWER
WITH 0 (SEE ITEM 5)
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
0 (see Item 5)
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0 (see Item 5)
14. TYPE OF REPORTING PERSON
OO
* SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
<PAGE>
SCHEDULE 13D
CUSIP NO. 9460486 PAGE 9 OF PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
COMET TRUST (IRS NO. 13-6895816)
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF
A GROUP
(A) [ ]
(B) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
CONNECTICUT
NUMBER OF 7. SOLE VOTING POWER
SHARES 0 (SEE ITEM 5)
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (SEE ITEM 5)
EACH 9. SOLE DISPOSITIVE POWER
REPORTING 0 (SEE ITEM 5)
PERSON 10. SHARED DISPOSITIVE POWER
WITH 0 (SEE ITEM 5)
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
0 (see Item 5)
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0 (see Item 5)
14. TYPE OF REPORTING PERSON
OO
* SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
<PAGE>
SCHEDULE 13D
CUSIP NO. 9460486 PAGE 10 OF PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GUIDO GOLDMAN
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF
A GROUP
(A) [ ]
(B) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
CONNECTICUT
NUMBER OF 7. SOLE VOTING POWER
SHARES 25,000 (SEE ITEM 5)
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 25,000 (SEE ITEM 5)
EACH 9. SOLE DISPOSITIVE POWER
REPORTING 25,000 (SEE ITEM 5)
PERSON 10. SHARED DISPOSITIVE POWER
WITH 25,000 (SEE ITEM 5)
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
50,000
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
<1%
14. TYPE OF REPORTING PERSON
IN
* SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
<PAGE>
SCHEDULE 13D
CUSIP NO. 9460486 PAGE 11 OF PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GUIDO GOLDMAN ACCUMULATION TRUST (IRS NO. 13-6655290)
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF
A GROUP
(A) [ ]
(B) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
CONNECTICUT
NUMBER OF 7. SOLE VOTING POWER
SHARES 5,000 (SEE ITEM 5)
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH 9. SOLE DISPOSITIVE POWER
REPORTING 5,000 (SEE ITEM 5)
PERSON 10. SHARED DISPOSITIVE POWER
WITH 0
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
5,000
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
<1%
14. TYPE OF REPORTING PERSON
OO
* SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
<PAGE>
SCHEDULE 13D
CUSIP NO. 9460486 PAGE 12 OF PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GUIDO GOLDMAN SPRAY TRUST (IRS NO. 13-6655295)
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF
A GROUP
(A) [ ]
(B) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
CONNECTICUT
NUMBER OF 7. SOLE VOTING POWER
SHARES 5,000 (SEE ITEM 5)
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH 9. SOLE DISPOSITIVE POWER
REPORTING 5,000 (SEE ITEM 5)
PERSON 10. SHARED DISPOSITIVE POWER
WITH 0
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
5,000 (see Item 5)
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
<1%
14. TYPE OF REPORTING PERSON
OO
* SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
<PAGE>
SCHEDULE 13D
CUSIP NO. 9460486 PAGE 13 OF PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MICHAEL GOLDMAN SPRAY TRUST (IRS NO. 13-6655296)
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF
A GROUP
(A) [ ]
(B) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
CONNECTICUT
NUMBER OF 7. SOLE VOTING POWER
SHARES 5,000 (SEE ITEM 5)
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH 9. SOLE DISPOSITIVE POWER
REPORTING 5,000 (SEE ITEM 5)
PERSON 10. SHARED DISPOSITIVE POWER
WITH 0
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
5,000 (see Item 5)
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
<1%
14. TYPE OF REPORTING PERSON
OO
* SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
<PAGE>
SCHEDULE 13D
CUSIP NO. 9460486 PAGE 14 OF PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ALAIN DE GUNZBURG (IRS NO. ###-##-####)
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF
A GROUP
(A) [ ]
(B) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
FRANCE
NUMBER OF 7. SOLE VOTING POWER
SHARES 0 (SEE ITEM 5)
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 25,000 (SEE ITEM 5)
EACH 9. SOLE DISPOSITIVE POWER
REPORTING 0 (SEE ITEM 5)
PERSON 10. SHARED DISPOSITIVE POWER
WITH 25,000 (SEE ITEM 5)
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
25,000 (see Item 5)
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
<1%
14. TYPE OF REPORTING PERSON
IN
* SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
<PAGE>
SCHEDULE 13D
CUSIP NO. 9460486 PAGE 15 OF PAGES
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
THE ASDA FOUNDATION (IRS NO. 52-1319624)
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF
A GROUP
(A) [ ]
(B) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DISTRICT OF COLUMBIA
NUMBER OF 7. SOLE VOTING POWER
SHARES 10,000 (SEE ITEM 5)
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0 (SEE ITEM 5)
EACH 9. SOLE DISPOSITIVE POWER
REPORTING 10,000 (SEE ITEM 5)
PERSON 10. SHARED DISPOSITIVE POWER
WITH 0 (SEE ITEM 5)
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
10,000 (see Item 5)
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
<1%
14. TYPE OF REPORTING PERSON
OO
* SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
<PAGE>
ITEM 1. SECURITY AND ISSUER
This Statement on Schedule 13D (the "STATEMENT") relates to
the Common Stock, par value $.01 per share (the "COMMON STOCK"), of
Signal Apparel Company, Inc., an Indiana corporation (the
"ISSUER"), the principal executive offices of which are located at
537 Market Street, Suite 403, Chattanooga, Tennessee 37402.
ITEM 2. IDENTITY AND BACKGROUND
(a) The Reporting Persons are jointly filing this Statement,
although there is no formal agreement of arrangement among them to
act as a "GROUP"; nevertheless, they may be deemed to be a group.
This Statement is being filed by FS Signal Associates I, FS Signal
Associates II, Guido Goldman, the ASDA Foundation, the Guido
Goldman Accumulation Trust, the Guido Goldman Spray Trust, the
Michael Goldman Spray Trust, Alain de Gunzburg, the Comet Trust,
the Turbo Trust, the Saidye Rosner Bronfman Ava Trust, Jericho
Holdings Limited, Crocodile Associates and Joshua Associates.
(b-c)
FS SIGNAL ASSOCIATES I
Previous to the changes describes in Item 3, the entity
known as FS Signal Associates I was a Connecticut general
partnership ("FS SIGNAL I"). Its principal office was located at
c/o Stanley Bergman, Bergman, Horowitz & Reynolds, P.C., 157 Church
Street, New Haven, Connecticut 06502. Guido Goldman was managing
general partner of FS Signal I. Goldman, Jericho Holdings Limited,
Crocodile Associates, the Turbo Trust, the Saidye Rosner Bronfman
Ava Trust, and the Comet Trust were the general partners of FS
Signal I.
FS SIGNAL ASSOCIATES II
Previous to the changes described in Item 3, the entity
known as FS Signal Associates II was a Connecticut general
partnership ("FS SIGNAL II"). Its principal office was located at
c/o Stanley Bergman, Bergman, Horowitz & Reynolds, P.C., 157 Church
Street, New Haven, Connecticut 06502. The general partners of FS
Signal II were: Goldman, Joshua Associates, the Comet Trust,
Jericho Holdings and Crocodile Associates. Goldman was managing
general partner of FS Signal II.
<PAGE>
THE ASDA FOUNDATION
The ASDA Foundation (the "ASDA FOUNDATION") is a
District of Columbia not-for-profit corporation. Its principal
office is at 499 Park Avenue, New York, New York 10022. The ASDA
Foundation was created to make contributions to various charities.
Goldman is a director of the ASDA Foundation.
GUIDO GOLDMAN
Guido Goldman is an individual whose business address is
c/o First Spring Corporation, 499 Park Avenue, New York, New York
10022 ("GOLDMAN"). Goldman was the managing general partner of
both FS Signal I and FS Signal II before the changes described in
Item 3 and is a trustee of the Comet Trust, the Saidye Rosner
Bronfman Ava Trust, and the Turbo Trust. Goldman is a director of
the corporate trustee which serves as trustee for each of the three
trusts which are partners of Joshua Associates, as well as for each
of the three trusts which are partners of Crocodile Associates, and
for the trust which is the sole stockholder of Jericho Holdings.
As set forth below, Goldman is a trustee of each of the Goldman
Trusts. Goldman is one of three directors of the ASDA Foundation.
Goldman holds a general power of attorney with respect to Alain de
Gunzburg.
GUIDO GOLDMAN ACCUMULATION TRUST, GUIDO GOLDMAN
SPRAY
TRUST, MICHAEL GOLDMAN SPRAY TRUST
Each of the Guido Goldman Accumulation Trust, the Guido
Goldman Spray Trust and the Michael Goldman Spray Trust
(collectively referred to herein as the "GOLDMAN TRUSTS") is a
trust created pursuant to the laws of the State of Connecticut.
The principal business address of each of the Goldman Trusts is c/o
Bergman, Horowitz & Reynolds, P.C., 157 Church Street, New Haven,
Connecticut 06502. The Trustees of each of the Goldman Trusts are
Goldman and Avram Udovitch.
ALAIN DE GUNZBURG
Alain de Gunzburg is a citizen of France. He is
Chairman of the Board of G.H. Mumm & Co. His address is c/o
Bergman, Horowitz & Reynolds, P.C., 157 Church Street, New Haven,
Connecticut 06502. Goldman holds a general power of attorney with
respect to Mr. de Gunzburg.
COMET TRUST
The Comet Trust (the "COMET TRUST") is a trust created
pursuant to the laws of Connecticut. The principal business
address of the Comet Trust is c/o Stanley Bergman, Bergman,
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Horowitz & Reynolds, P.C., 157 Church Street, New Haven,
Connecticut 06502. The Trustees of the Comet Trust are Stanley
N. Bergman and Goldman.
TURBO TRUST
The Turbo Trust (the "TURBO TRUST") is a trust created
pursuant to the laws of Connecticut. The principal business
address of the Turbo Trust is c/o Stanley Bergman, Bergman,
Horowitz & Reynolds, P.C., 157 Church Street, New Haven,
Connecticut 06502. The Trustees of the Turbo Trust are Stanley N.
Bergman and Goldman.
SAIDYE ROSNER BRONFMAN AVA TRUST
The Saidye Rosner Bronfman Ava Trust (the "AVA TRUST")
is a trust created pursuant to the laws of Connecticut. The
principal business address of the AVA Trust is c/o Stanley Bergman,
Bergman, Horowitz & Reynolds, P.C., 157 Church Street, New Haven,
Connecticut 06502. The Trustees of the AVA Trust are Stanley N.
Bergman, Kenneth N. Musen and Goldman.
JERICHO HOLDINGS LIMITED
Jericho Holdings Limited ("JERICHO") is a corporation
formed under the laws of the Cayman Islands. Its principal office
is c/o Maples and Calder, P.O. Box 309, George Town, Grand Cayman,
BWI.
CROCODILE ASSOCIATES
Crocodile Associates is a Bahamian partnership. Its
principal office is c/o the Bahamas International Trust Company,
Limited, P. O. Box N7768, Nassau, Bahamas.
JOSHUA ASSOCIATES
Joshua Associates is a Bahamian partnership. Its
principal office is c/o the Bahamas International Trust Company
Limited, P. O. Box N7768, Nassau, Bahamas.
(d) None of the Reporting Persons has, during the last five
years, been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) None of the Reporting Persons has, during the last five
years, been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating
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activities subject to, Federal or State securities laws or finding
any violations with respect to such laws.
(f) Each of the natural persons identified in this Statement
on Schedule 13D is a citizen of the United States of America with
the exception of Alain de Gunzburg, who is a citizen of France.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
No consideration was received for the disposition of the
securities enumerated herein. On December 30, 1994 Guido Goldman
relinquished and renounced his entire interest in FS Signal I and
in FS Signal II. Immediately subsequent thereto, the remaining
partners reformed both entities as limited partnerships, FS Signal
Associates, L.P. and FS Signal Associates II, L.P. (the "LIMITED
PARTNERSHIPS"). Pursuant to Rule 13d-1 of the Securities and
Exchange Act of 1934, the Limited Partnerships have already filed a
Schedule 13D reporting the acquisition of the beneficial ownership
of the securities formerly reported as beneficially owned by the
Reporting Persons.
ITEM 4. PURPOSE OF TRANSACTION.
As described in Item 3, the disposition described herein were
made solely for purposes of changing the forms of entity of both FS
Signal I and FS Signal II from general partnerships to limited
partnerships. The Reporting Persons do not have any present plans
or proposals that relate to or would result in the following: the
acquisition by any person of additional securities of the Issuer or
the disposition of securities of the Issuer; an extraordinary
corporate transaction, such as a merger, reorganization or
liquidation involving the Issuer or any of its subsidiaries; a sale
or transfer of a material amount of assets of the Issuer or any of
its subsidiaries; a change in the present Board or management of
the Issuer; any other material change in the Issuer's business or
corporate structure or its present capitalization or dividend
policy; changes in the Issuer's charter or by-laws or other actions
that might impede the acquisition of control of the Issuer or cause
it to be delisted from a national securities exchange or cease to
be authorized to be quoted in an inter-dealer quotation system of a
registered national securities association; causing securities of
the Issuer to be eligible for termination of registration pursuant
to Section 12(g)(4) of the Exchange Act or any other similar
action.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of the date hereof, the Reporting Persons (if
deemed a group) would be deemed to be the beneficial owners of
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an aggregate of 50,000 shares of Common Stock<F1>, constituting
less than 1% of the 10,364,076 shares of Common Stock which,
based on the September 30, 1994 Form 10-Q (the "SEPTEMBER 10-
Q") and the Form 8-K filed on December 7, 1994 (the "FORM 8-
K").
As of the date hereof, FS Signal I may be deemed to be
the beneficial owner of no shares of Common Stock.
As of the date hereof, Goldman may be deemed to be the
beneficial owner of 50,000 shares of Common Stock<F2>,
constituting less than 1% of the 10,364,076 shares of Common
Stock outstanding, based on the September 10-Q and Form 8-K.
As of the date hereof, FS Signal II may be deemed to be
the beneficial owner of no shares of Common Stock. As of the
date hereof FS Signal II is no longer a Reporting Person.
Each of the Goldman Trusts has the sole power to vote
and dispose of the 5,000 shares of Common Stock owned by each
of the Goldman Trusts, respectively, which power is
exercisable by Goldman as a trustee of each of the Goldman
Trusts.
The ASDA Foundation has the sole power to vote and
dispose of the 10,000 shares of Common Stock owned by it
directly. Goldman is a director of the foundation.
(e) As of December 30, 1994, all Reporting Persons
ceased to be the owners of more than five percent of the
<F1> Such 50,000 shares of Common Stock consist of (i) 10,000
shares of Common Stock directly owned by the ASDA Foundation; (ii)
5,000 shares of Common Stock directly owned by the Guido Goldman
Accumulation Trust; (iii) 5,000 shares of Common Stock directly
owned by the Guido Goldman Spray Trust; (iv) 5,000 shares of Common
Stock directly owned by the Michael Goldman Spray Trust; and (v)
25,000 shares of Common Stock directly owned by Alain de Gunzburg.
The ASDA Foundation, the Trusts, and Alain de Gunzburg disclaim
beneficial ownership of the other Reporting Persons' shares and
such other Reporting Persons disclaim beneficial ownership of their
shares.
<F2> Such 50,000 shares of Common Stock consist of (i) 15,000
shares of Common Stock directly owned by the Goldman Trusts, of
which Goldman is a trustee; (ii) 10,000 shares held by the ASDA
Foundation, of which Goldman serves as one of three directors; and
(iii) 25,000 shares directly owned by Alain de Gunzburg over whom
Goldman holds general power of attorney.
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Common Stock of the Issuer. As described in Item 3, the
Limited Partnerships that replaced FS Signal I and FS Signal
II have already filed a Schedule 13D reporting the acquisition
of the securities formerly reported as beneficially owned by
the Reporting Persons.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
Except as set forth in Item 3 above, the Reporting Persons do
not have any contracts, arrangements, understandings or
relationships with any person with respect to any securities of the
Issuer, including but not limited to, any agreements concerning (i)
transfer or voting of any securities of the Issuer, (ii) finder's
fees, (iii) joint ventures, (iv) loan or option arrangements, (v)
puts or calls, (vi) guarantees of profits, (vii) division of
profits or losses, or (viii) the giving or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
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SIGNATURE
After reasonable inquiry and to the best of the knowledge and
belief of the undersigned, the undersigned hereby certifies that
the information set forth in this Schedule 13D is true, complete
and correct.
/s/ Guido Goldman
Guido Goldman, on his own behalf and
as attorney-in-fact
for each of the Reporting Persons
named in this Amendment
Date: May 4, 1995
