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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Gish Biomedical, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
376360103
-----------
(CUSIP Number)
S. Craig Tompkins, Vice Chairman, Citadel Holding Corporation and Craig
Corporation
550 South Hope Street, Suite 1825, Los Angeles, California 90071 (213) 239-0555
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 14, 1999
----------------------------------------------
(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(e), 13d-1(f) or 13d-1(g) check the following
box.[]
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).
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SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 376360103 PAGE 2 OF 5 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Citadel Holding Corporation
95-3885184
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [x]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4 WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 503,300
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
-0-
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 503,300
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
-0-
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
503,300
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
14.59%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT.
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SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 376360103 PAGE 3 OF 5 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERS
Craig Corporation
95-1620188
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [x]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4 not applicable
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF -0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
503,300
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
503,300
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
503,300
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 14.59%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14 CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT.
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SCHEDULE 13D
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Page 4 of 5 Pages
---------------------
Item 1. Security and Issuer.
This Amendment No. 2 relates to the Schedule 13D filed November 25, 1998 in
connection with the ownership by Citadel Holding Corporation, a Delaware
corporation ("CHC and collectively with its consolidated subsidiaries,
"Citadel") of the Common Stock, no par value (the "Common Stock"), of Gish
Biomedical, Inc., a California corporation (the "Issuer") whose principal
executive offices are located at 2681 Kelvin Avenue, Irvine, California 92614.
Item 3. Source and Amount of Funds or Other Consideration.
Since the date of the Schedule 13D filing, CHC has acquired 46,350 Shares at the
aggregate purchase price of $133,339.03, inclusive of brokerage commissions,
where applicable. CHC purchased the Shares with CHC's liquid funds on hand. No
portion of such funds were borrowed.
Item 5. Interest in Securities of the Issuer.
a) To the best knowledge of CHC, the aggregate amount of securities held by
the CHC Parties is 503,300 shares of Common Stock, representing
approximately 14.59% of the shares of Common Stock outstanding. The
percentage ownership is based upon the total Shares reported as outstanding
in the Company's Form 10-Q for the quarter ended March 31, 1999.
b) All of the shares of Common Stock reported under this Item 5 with
respect to the CHC Parties is held by CHC, and CHC has the sole power to
vote and dispose of the 503,300 Shares.
c) CHC has engaged within the last sixty days in the following transactions
in Common Stock of the Issuer, all of which were effectuated on the Nasdaq
National Market.
<TABLE>
<CAPTION>
Transaction Date No. of Shares Purchased Price per Share
- ---------------- ----------------------- ---------------
<S> <C> <C>
3-16-99 2,700 2.75
4-1-99 12,000 2.75
4-13-99 3,600 2.75
5-6-99 7,500 2.75
6-7-99 2,200 2.75
6-14-99 8,900 2.9235
6-18-99 2,300 2.9375
6-21-99 3,000 2.9375
6-22-99 4,150 2.9375
</TABLE>
(1)Exclusive of brokerage commissions.
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Page 5 of 5 Pages
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Item 7. Material to be Filed as Exhibits.
None
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 24, 1999 CITADEL HOLDING CORPORATION
a Delaware corporation
By: /s/ S. Craig Tompkins
---------------------------------------
S. Craig Tompkins
Vice Chairman
CRAIG CORPORATION
a Delaware corporation
By: /s/ S. Craig Tompkins
----------------------------------------
S. Craig Tompkins
President
