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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
RED BRICK SYSTEMS, INC.
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(NAME OF ISSUER)
COMMON STOCK, $.0001 PAR VALUE
PREFERRED SHARE PURCHASE RIGHTS
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(Title of Class of Securities)
756422101
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(CUSIP Number)
RICHARD J. LAMPEN
EXECUTIVE VICE PRESIDENT & GENERAL COUNSEL
NEW VALLEY CORPORATION
100 S.E. SECOND STREET, 32ND FLOOR
MIAMI, FL 33131
(305) 579-8000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 8, 1998
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(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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d.1(g), check
the following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7(b) 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 1 of 10 Pages
<PAGE> 2
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CUSIP NO. 756422101 PAGE 2 OF 10 PAGES
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Name of Reporting Person
1 S.S. or I.R.S. Identification No. of Above Person
New Valley Corporation
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2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [X]
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3 SEC Use Only
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4 Source of Funds (See Instructions) WC, OO
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5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
[ ]
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6 Citizenship or Place of Organization
Delaware
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7 Sole Voting Power
602,385
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8 Shared Voting Power
- 0 -
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Number of Shares 9 Sole Dispositive Power
Beneficially Owned by
Each Reporting Person 602,385
With -----------------------------------------------------
10 Shared Dispositive Power
- 0 -
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
602,385
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12 Check Box if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
[ ]
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13 Percent of Class Represented by Amount in Row (11)
4.79%
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14 Type of Reporting Person (See Instructions)
CO
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<PAGE> 3
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CUSIP NO. 756422101 PAGE 3 OF 10 PAGES
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Name of Reporting Person
1 S.S. or I.R.S. Identification No. of Above Person
New Valley Holdings, Inc.
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2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) [ ]
(b) [X]
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3 SEC Use Only
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4 Source of Funds (See Instructions)
N/A
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5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
[ ]
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6 Citizenship or Place of Organization
Delaware
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7 Sole Voting Power
- 0 -
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8 Shared Voting Power
- 0 -
-----------------------------------------------------
Number of Shares 9 Sole Dispositive Power
Beneficially Owned by
Each Reporting Person - 0 -
With -----------------------------------------------------
10 Shared Dispositive Power
- 0 -
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
- 0 -
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12 Check Box if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
[X]
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13 Percent of Class Represented by Amount in Row (11)
0%
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14 Type of Reporting Person (See Instructions)
CO; HC
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<PAGE> 4
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CUSIP NO. 756422101 PAGE 4 OF 10 PAGES
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Name of Reporting Person
1 S.S. or I.R.S. Identification No. of Above Person
BGLS INC.
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2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) [ ]
(b) [X]
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3 SEC Use Only
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4 Source of Funds (See Instructions)
N/A
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5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
[ ]
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6 Citizenship or Place of Organization
Delaware
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7 Sole Voting Power
- 0 -
-----------------------------------------------------
8 Shared Voting Power
- 0 -
-----------------------------------------------------
Number of Shares 9 Sole Dispositive Power
Beneficially Owned by
Each Reporting Person - 0 -
With -----------------------------------------------------
10 Shared Dispositive Power
- 0 -
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
- 0 -
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12 Check Box if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
[X]
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13 Percent of Class Represented by Amount in Row (11)
0%
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14 Type of Reporting Person (See Instructions)
CO; HC
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<PAGE> 5
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CUSIP NO. 756422101 PAGE 5 OF 10 PAGES
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Name of Reporting Person
1 S.S. or I.R.S. Identification No. of Above Person
BROOKE GROUP LTD.
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2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) [ ]
(b) [X]
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3 SEC Use Only
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4 Source of Funds (See Instructions)
N/A
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5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
[ ]
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6 Citizenship or Place of Organization
Delaware
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7 Sole Voting Power
- 0 -
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8 Shared Voting Power
- 0 -
-----------------------------------------------------
Number of Shares 9 Sole Dispositive Power
Beneficially Owned by
Each Reporting Person - 0 -
With -----------------------------------------------------
10 Shared Dispositive Power
- 0 -
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
- 0 -
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12 Check Box if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
[X]
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13 Percent of Class Represented by Amount in Row (11)
0%
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14 Type of Reporting Person (See Instructions)
CO; HC
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<PAGE> 6
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CUSIP NO. 756422101 PAGE 6 OF 10 PAGES
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Name of Reporting Person
1 S.S. or I.R.S. Identification No. of Above Person
BENNETT S. LEBOW
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2 Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) [ ]
(b) [X]
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3 SEC Use Only
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4 Source of Funds (See Instructions)
PF
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5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
[ ]
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6 Citizenship or Place of Organization
United States
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7 Sole Voting Power
25,000
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8 Shared Voting Power
- 0 -
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Number of Shares 9 Sole Dispositive Power
Beneficially Owned by
Each Reporting Person 25,000
With -----------------------------------------------------
10 Shared Dispositive Power
- 0 -
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
25,000
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12 Check Box if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
[X]
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13 Percent of Class Represented by Amount in Row (11)
0.20%
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14 Type of Reporting Person (See Instructions)
IN
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<PAGE> 7
This Schedule 13D filed with the Securities and Exchange
Commission (the "SEC") on September 30, 1998 (the "Schedule 13D"), as amended by
Amendment No. 1 filed with the SEC, on behalf of New Valley Corporation ("New
Valley"), New Valley Holdings, Inc., BGLS Inc., Brooke Group Ltd. and Bennett S.
LeBow, in connection with the common stock, $.0001 par value, and associated
Preferred Share Purchase Rights ("Common Stock"), of Red Brick Systems, Inc., a
Delaware corporation (the "Company"), is hereby further amended as follows
(unless otherwise defined, all capitalized terms used herein shall have the
meanings set forth in the Schedule 13D):
ITEM 2. IDENTITY AND BACKGROUND.
The second sentence of the second paragraph in Item 2 of the
Schedule 13D is hereby deleted and replaced in its entirety by the following:
"The Reporting Persons collectively may be deemed to be a
group beneficially owning, in the aggregate, 627,385 shares of
Common Stock (collectively, the "Securities") or approximately
4.99% of the outstanding shares of the Common Stock within the
meaning of Section 13(d)(3) of the Securities Exchange Act of
1934, as amended (the "Act")."
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(1) Clause (a) of Item 5 of the Schedule 13D is hereby deleted
and replaced in its entirety by the following:
"As of the date hereof, the Reporting Persons may be deemed to
be acting as a group, within the meaning of Section 13(d)(3)
of the Act, beneficially owning, in the aggregate, 627,385
shares of Common Stock of the Company, which constituted
approximately 4.99% of the 12,577,156 shares of Common Stock
outstanding as of October 31, 1998 (as reported in the
Company's Quarterly Report on Form 10-Q for the quarter ended
September 30, 1998)."
(2) The first sentence of clause (b) of Item 5 of the Schedule
13D is hereby deleted and replaced by in its entirety by the following:
"With respect to the 602,385 shares of Common Stock acquired
by New Valley, New Valley exercises both sole voting power and
sole dispositive power."
(3) Clause (c) of Item 5 of the Schedule 13D is hereby deleted
and replaced in its entirety by the following:
"From August 4, 1998 to October 13, 1998, New Valley purchased
in the open market on NASDAQ 662,415 shares of Common Stock.
From July 20, 1998 to August 6, 1998, Mr. LeBow purchased in
the open market on NASDAQ 25,000 shares of Common Stock. From
November 10, 1998 to December 8, 1998, New Valley sold in the
open market on NASDAQ 60,030 shares of Common Stock.
Transactions in the Common Stock by
Page 7 of 10 Pages
<PAGE> 8
any of the Reporting Persons effected within the past 60 days
are described in Exhibit C, which is attached hereto and
incorporated herein by reference."
(4) Clause (e) of Item 5 of the Schedule 13D is hereby deleted
and replaced in its entirety by the following:
"(e) As of December 8, 1998, based on the number of shares of
Common Stock reported as outstanding as of October 31, 1998 in
the Company's Quarterly Report on Form 10-Q for the quarter
ended September 30, 1998, the Reporting Persons ceased to be
the beneficial owners of more than five percent of the Common
Stock."
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit C of Item 7 of the Schedule 13D is hereby deleted and
replaced in its entirety by the following:
Exhibit C: Transactions in the Common Stock in the past 60 days.
Page 8 of 10 Pages
<PAGE> 9
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: December 9, 1998
NEW VALLEY CORPORATION
By: /s/ Richard J. Lampen
----------------------------------
Name: Richard J. Lampen
Title: Executive Vice President
NEW VALLEY HOLDINGS, INC.
By: /s/ Richard J. Lampen
----------------------------------
Name: Richard J. Lampen
Title: Executive Vice President
BGLS INC.
By: /s/ RICHARD J. LAMPEN
----------------------------------
Name: Richard J. Lampen
Title: Executive Vice President
BROOKE GROUP LTD.
By: /s/ Richard J. Lampen
----------------------------------
Name: Richard J. Lampen
Title: Executive Vice President
BENNETT S. LEBOW
By: New Valley Corporation
By: /s/ Richard J. Lampen
----------------------------------
Name: Richard J. Lampen
Title: Executive Vice President
Page 9 of 10 Pages
<PAGE> 10
EXHIBIT C
Transactions in the Common Stock in the past 60 days:
<TABLE>
<CAPTION>
NO. OF SHARES PRICE PER
NAME(1) DATE PURCHASED(P)/SOLD(S) SHARE(2)
------- ---- ------------------------ ---------
<S> <C> <C> <C>
New Valley 10/13/98 3,500 (P) $2.0000
New Valley 11/10/98 1,000 (S) 3.6875
New Valley 12/4/98 15,000 (S) 3.9688
New Valley 12/7/98 20,500 (S) 4.1875
New Valley 12/8/98 23,530 (S) 4.1250
</TABLE>
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(1) With respect to New Valley, includes shares purchased or sold by Alki.
(2) Excludes brokerage commissions.
Page 10 of 10 Pages
