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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
------
Golden State Vitners, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Class B Common Stock; $.01 par value per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
31821K20
----------------------------------
(CUSIP Number)
July 21, 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)
*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 the disclosures provided in a prior cover page.
The information required in 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).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB CONTROL NUMBER.
Page 1 of 16 pages
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CUSIP No. 31821K20
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
SBIC Partners, L.P.
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /X/
of a Group (See Instructions) (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Texas
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
Beneficially 3,000,000 (See Items 4 and 8)
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting Power
Person With: 0 (See Items 4 and 8)
--------------------------------------------------
(7) Sole Dispositive Power
3,000,000 (See Items 4 and 8)
--------------------------------------------------
(8) Shared Dispositive Power
0 (See Items 4 and 8)
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,000,000 (See Items 4 and 8)
- -------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / / (See Item 8)
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
31.6%
- -------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions)
PN
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Page 2 of 16 pages
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CUSIP No. 31821K20
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Forrest Binkley & Brown L.P.
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /X/
of a Group (See Instructions) (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Texas
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
Beneficially 3,000,000 (See Items 4 and 8)
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting Power
Person With: 0 (See Items 4 and 8)
--------------------------------------------------
(7) Sole Dispositive Power
3,000,000 (See Items 4 and 8)
--------------------------------------------------
(8) Shared Dispositive Power
0 (See Items 4 and 8)
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,000,000 (See Items 4 and 8)
- -------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / / (See Item 8)
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
31.6%
- -------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions)
PN
- -------------------------------------------------------------------------------
Page 3 of 16 pages
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CUSIP No. 31821K20
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Forrest Binkley & Brown Venture Co.
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /X/
of a Group (See Instructions) (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Texas
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
Beneficially 3,000,000 (See Items 4 and 8)
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting Power
Person With: 0 (See Items 4 and 8)
--------------------------------------------------
(7) Sole Dispositive Power
3,000,000 (See Items 4 and 8)
--------------------------------------------------
(8) Shared Dispositive Power
0 (See Items 4 and 8)
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,000,000 (See Items 4 and 8)
- -------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / / (See Item 8)
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
31.6%
- -------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions)
CO
- -------------------------------------------------------------------------------
Page 4 of 16 pages
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CUSIP No. 31821K20
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Gregory J. Forrest
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /X/
of a Group (See Instructions) (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
Beneficially 0 (See Items 4 and 8)
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting Power
Person With: 3,000,000 (See Items 4 and 8)
--------------------------------------------------
(7) Sole Dispositive Power
0 (See Items 4 and 8)
--------------------------------------------------
(8) Shared Dispositive Power
3,000,000 (See Items 4 and 8)
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,000,000 (See Items 4 and 8)
- -------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / / (See Item 8)
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
31.6%
- -------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions)
IN
- -------------------------------------------------------------------------------
Page 5 of 16 pages
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CUSIP No. 31821K20
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Nicholas B. Binkley
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /X/
of a Group (See Instructions) (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
Beneficially 0 (See Items 4 and 8)
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting Power
Person With: 3,000,000 (See Items 4 and 8)
--------------------------------------------------
(7) Sole Dispositive Power
0 (See Items 4 and 8)
--------------------------------------------------
(8) Shared Dispositive Power
3,000,000 (See Items 4 and 8)
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,000,000 (See Items 4 and 8)
- -------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / / (See Item 8)
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
31.6%
- -------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions)
IN
- -------------------------------------------------------------------------------
Page 6 of 16 pages
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CUSIP No. 31821K20
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Jeffrey J. Brown
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /X/
of a Group (See Instructions) (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
Beneficially 3,000,000 (See Items 4 and 8)
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting Power
Person With: 0 (See Items 4 and 8)
--------------------------------------------------
(7) Sole Dispositive Power
0 (See Items 4 and 8)
--------------------------------------------------
(8) Shared Dispositive Power
3,000,000 (See Items 4 and 8)
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,000,000 (See Items 4 and 8)
- -------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) / / (See Item 8)
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
31.6%
- -------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions)
IN
- -------------------------------------------------------------------------------
Page 7 of 16 pages
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ITEM 1.
(a) Name of Issuer
Golden State Vintners, Inc. (the "Company")
---------------------------------------------------------------------
(b) Address of Issuer's Principal Executive Offices
500 Drake's Landing Road
Greenbrae, California 94904
---------------------------------------------------------------------
ITEM 2.
(a) Name of Person Filing
The persons filing this Schedule 13G are SBIC
Partners, L.P., a Texas limited partnership
("SBIC Partners"), Forrest Binkley & Brown L.P.,
a Texas limited partnership ("FBB"), Forrest
Binkley & Brown Venture Co., a Texas corporation
("FBB Venture"), Gregory J. Forrest, Nicholas B.
Binkley, and Jeffrey J. Brown (collectively the
"Filing Persons").
Gregory J. Forrest, Nicholas B. Binkley, and
Jeffrey J. Brown are each executive officers,
directors and shareholders of FBB Venture, which
is the sole general partner of FBB, the managing
general partner of SBIC Partners.
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(b) Address of Principal Business Office or, if none, Residence
840 Newport Center Drive, Suite 480
Newport Beach, California 92660
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(c) Citizenship
The responses of the Filing Persons to Item 4 of
the cover pages to this Schedule 13G that relate
to the citizenships of such Filing Persons are
incorporated herein by reference.
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(d) Title of Class of Securities
The Filing Persons hold shares of the Company
Class A Common Stock, $.01 par value per share
("Class A Common Stock"), which are convertible
into shares of Class B Common Stock at any time.
This filing is made in regard to the Company's
Class B Common Stock, $.01 par value per share
(the "Common Stock"), which is registered under
Section 12(b) of the Securities Exchange Act of
1934, as amended.
---------------------------------------------------------------------
(e) CUSIP Number
31821K20
---------------------------------------------------------------------
Page 8 of 16 pages
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d-1(b) OR
240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) / / Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) / / Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) / / Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) / / Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) / / An investment adviser in accordance with section
240.13d-1(b)(1)(ii)(E).
(f) / / An employee benefit plan or endowment fund in accordance with
section 240.13d-1(b)(1)(ii)(F).
(g) / / A parent holding company or control person in accordance with
section 240.13d-1(b)(1)(ii)(G).
(h) / / A savings association as defined in section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813).
(i) / / A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of 1940
(15 U.S.C. 80a-3).
(j) / / Group, in accordance with section 240.13d-1(b)(1)(ii)(J).
Not applicable.
ITEM 4. OWNERSHIP
(a) Amount beneficially owned:
SBIC Partners owns beneficially and of record 3,000,000 shares of the Class
A Common Stock of the Company. Because of the relationships between and
among the Filing Persons, each of the Filing Persons may be deemed the
beneficial owner of all or a portion of the shares of Class A Common Stock
beneficially owned by SBIC Partners. Each of Messrs. Forrest, Binkley and
Brown disclaims beneficial ownership of the shares of Class A Common Stock
held by SBIC Partners, except to the extent of his pecuniary interest
therein.
---------------------------------------------------------------------------
(b) Percent of class:
The 3,000,000 shares of Class A Common Stock beneficially owned by the
Filing Persons constitute 31.6% of the total of 9,479,261 shares of Class A
Common Stock and Class B Common Stock outstanding as of December 31, 1998.
---------------------------------------------------------------------------
(c) Number of shares as to which the person has:
(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE: The responses of the Filing
Persons to Item 5 of the cover pages to this Schedule 13G that relate
to the shares of Class A Common Stock over which such Filing Persons
have sole voting power are herein incorporated by reference.
(ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE: The responses of the
Filing Persons to Item 6 of the cover pages to this Schedule 13G that
relate to
Page 9 of 16 pages
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the shares of Class A Common Stock over which such Filing Persons
have shared voting power are herein incorporated by reference.
(iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: The responses
of the Filing Persons to Item 7 of the cover pages tothis Schedule 13G
that relate to the shares of Class A Common Stock over which such
Filing Persons have sole dispositive power are herein incorporated by
reference.
(iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: The responses
of the Filing Persons to Item 8 of the cover pages to this Schedule
13G that relate to the shares of Class A Common Stock over which such
Filing Persons have shared dispositive power are herein 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. / /
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
No other person, except for the Filing Persons, has the right to
receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, the shares of Class A Common Stock that are
the subject of this Schedule 13G.
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
The Filing Persons have filed this Schedule 13G as a group pursuant to
Rule 13d-1(c). The identity of each member of the group is stated in
Exhibit 1 attached hereto.
The Filing Persons have entered into a Joint Reporting Agreement dated
as of June 1, 1999, which is attached hereto as Exhibit 1, pursuant to
which they have agreed to file one joint statement on behalf of all of
them with respect to the subject matter of this Schedule 13G.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the issuer
of such securities and were not acquired in connection with or as a
participant in any transaction having such purposes or effect.
Page 10 of 16 pages
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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.
Dated: June 1, 1999
SBIC PARTNERS, L.P.,
a Texas limited partnership
By: Forrest Binkley & Brown L.P.,
a Texas limited partnership
Its: General Partner
By: Forrest Binkley & Brown Venture Co.,
a Texas corporation
Its: General Partner
By: /s/ Gregory J. Forrest
--------------------------------
Gregory J. Forrest,
President
By: /s/ Nicholas B. Binkley
--------------------------------
Nicholas B. Binkley,
President
By: /s/ Jeffrey J. Brown
--------------------------------
Jeffrey J. Brown,
President
FORREST BINKLEY & BROWN L.P.,
a Texas limited partnership
By: Forrest Binkley & Brown Venture Co.,
a Texas corporation
Its: General Partner
By: /s/ Gregory J. Forrest
--------------------------------
Gregory J. Forrest,
President
By: /s/ Nicholas B. Binkley
--------------------------------
Nicholas B. Binkley,
President
By: /s/ Jeffrey J. Brown
--------------------------------
Jeffrey J. Brown,
President
Page 11 of 16 pages
<PAGE>
FORREST BINKLEY & BROWN VENTURE CO.,
a Texas CORPORATION
By: /s/ Gregory J. Forrest
--------------------------------
Gregory J. Forrest,
President
By: /s/ Nicholas B. Binkley
--------------------------------
Nicholas B. Binkley,
President
By: /s/ Jeffrey J. Brown
--------------------------------
Jeffrey J. Brown,
President
/s/ Gregory J. Forrest
--------------------------------
Gregory J. Forrest,
/s/ Nicholas B. Binkley
--------------------------------
Nicholas B. Binkley,
/s/ Jeffrey J. Brown
--------------------------------
Jeffrey J. Brown,
Page 12 of 16 pages
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EXHIBIT INDEX
<TABLE>
<CAPTION>
SEQUENTIALLY
EXHIBIT NUMBERED
NUMBER DESCRIPTION PAGE
- ------ ----------- -----
<S> <C> <C>
1 Identification of Members of the Group 14
2 Joint Reporting Agreement dated June 1, 1999 15
</TABLE>
Page 13 of 16 pages
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EXHIBIT 1
IDENTIFICATION OF MEMBERS OF THE GROUP
1. SBIC Partners, L.P.
2. Forrest Binkley & Brown L.P.
3. Forrest Binkley & Brown Venture Co.
4. Gregory J. Forrest
5. Nicholas B. Binkley
6. Jeffrey J. Brown
Page 14 of 16 pages
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EXHIBIT 2
JOINT REPORTING AGREEMENT
In consideration of the mutual covenants herein contained, each of the
parties hereto represents to and agrees with the other party as follows:
1. Such party is eligible to file a statement or statements on Schedule 13G
pertaining to the Class B Common Stock, $.01 par value per share, of Golden
State Vintners, Inc., to which this agreement is an exhibit, for filing of the
information contained therein.
2. Such party is responsible for timely filing of such statement and any
amendments thereto and for the completeness and accuracy of the information
concerning such party contained therein, PROVIDED that no such party is
responsible for the completeness or accuracy of the information concerning the
other parties making the filing, unless such party knows or has reason to
believe that such information is inaccurate.
3. Such party agrees that such statement is filed by and on behalf of each
party and that any amendment thereto will be filed on behalf of each such party.
This agreement may be executed in one or more counterparts, each of which
shall be deemed to be an original instrument, but all of such counterparts
together shall constitute but one agreement.
Dated: June 1, 1999
SBIC PARTNERS, L.P.,
a Texas limited partnership
By: Forrest Binkley & Brown L.P.,
a Texas limited partnership
Its: General Partner
By: Forrest Binkley & Brown Venture Co.,
a Texas corporation
Its: General Partner
By: /s/ Gregory J. Forrest
--------------------------------
Gregory J. Forrest,
President
By: /s/ Nicholas B. Binkley
--------------------------------
Nicholas B. Binkley,
President
By: /s/ Jeffrey J. Brown
--------------------------------
Jeffrey J. Brown,
President
FORREST BINKLEY & BROWN L.P.,
a Texas limited partnership
By: Forrest Binkley & Brown Venture Co.,
a Texas corporation
Its: General Partner
By: /s/ Gregory J. Forrest
--------------------------------
Gregory J. Forrest,
President
By: /s/ Nicholas B. Binkley
--------------------------------
Nicholas B. Binkley,
President
By: /s/ Jeffrey J. Brown
--------------------------------
Jeffrey J. Brown,
President
Page 15 of 16 pages
<PAGE>
FORREST BINKLEY & BROWN VENTURE CO.,
a Texas CORPORATION
By: /s/ Gregory J. Forrest
--------------------------------
Gregory J. Forrest,
President
By: /s/ Nicholas B. Binkley
--------------------------------
Nicholas B. Binkley,
President
By: /s/ Jeffrey J. Brown
--------------------------------
Jeffrey J. Brown
President
/s/ Gregory J. Forrest
--------------------------------
Gregory J. Forrest
/s/ Nicholas B. Binkley
--------------------------------
Nicholas B. Binkley
/s/ Jeffrey J. Brown
--------------------------------
Jeffrey J. Brown
Page 16 of 16 pages
