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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d -1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a).
(Amendment No. 1)(1)
TRIDENT ROWAN GROUP, INC. (FORMERLY, DE TOMASO INDUSTRIES, INC.)
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
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(Title of Class of Securities)
89614K-10-6
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(CUSIP Number)
Tail Trust
c/o Pirunico Trustees (Jersey) Limited Account 282
44 Esplanade House
St. Helier, Jersey, Channel Islands
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
JUNE 30, 1998
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(Date of Event which Requires Filing this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-(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 Rule 13d-7(b) for other
parties to whom copies are to be sent.
(Continued on following page(s))
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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 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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CUSIP
No. 89614K-10-6 13D
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1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Tail Trust
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2 Check the Appropriate Box if a Member of a Group*
(a) / /
(b) / /
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3 SEC Use Only
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4 Source of Funds* Not Applicable
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5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) / /
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6 Citizenship or Place of Organization Isle of Mann
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7 Sole Voting Power
Number of 0 shares 0%
Shares ----------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned By
Each 0 shares 0%
Reporting ----------------------------------------------------------
Person 9 Sole Dispositive Power
With
0 shares 0%
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10 Shared Dispositive Power
0 shares 0%
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11 Aggregate Amount Beneficially Owned By Each Reporting Person
0 shares
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12 Check Box if the Aggregate Amount in Row (11) excludes Certain Shares* / /
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13 Percent of Class Represented by Amount in Row (11)
0%
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14 Type of Reporting Person*
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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This statement, dated June 30, 1998, constitutes Amendment No. 1 to
the Schedule 13D, dated July 5, 1995, regarding the reporting persons'
ownership of common stock of Trident Rowan Group, Inc. (formerly, De Tomaso
Industries, Inc.) (the "Issuer").
The Schedule 13D is hereinafter referred to as the "Schedule." All
capitalized terms used herein and otherwise undefined shall have the meanings
ascribed in the Schedule.
This Amendment No. 1 of the Schedule is filed in accordance with
Rule 13d-2 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), by the reporting person. It shall refer only to information which has
materially changed since the filing of the Schedule.
ITEM 1 SECURITY AND ISSUER.
(a) Trident Rowan Group, Inc. (formerly, De Tomaso Industries, Inc.)
Two Worlds Fair Drive
Somerset, New Jersey 08873
ITEM 4. PURPOSE OF TRANSACTION
Tail Trust disposed of all 776,530 shares of common stock
heretofore owned by Tail Trust to the Issuer in consummation of an agreement
between Alejandro De Tomaso and the Issuer, to which Tail Trust became a
successor in interest upon gift of the securities by Mr. De Tomaso to Tail
Trust. The Agreement has been filed by the Issuer as an exhibit to a periodic
report under Section 13(a) of the Exchange Act.
ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER.
(a) The following list sets forth the aggregate number and percentage
(based on 776,530 shares of Common Stock outstanding as reported by the
Issuer in its Form 10-Q for the period ending March 31, 1998) of outstanding
shares of Common Stock beneficially owned by each reporting person named in
Item 2, as of June 30, 1998.
Shares of Percentage of Shares
Common Stock of Common Stock
Name Beneficially Owned Beneficially Owned
---- ------------------ ------------------
Tail Trust 0 0%
(b) Not applicable.
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(c) The following is a description of all transactions in
shares of Common Stock of the Issuer by the persons identified in Item 2 of this
Schedule 13D effected from April 30, 1998 through June 30, 1998, inclusive:
Purchase or
Number of shares of Sales Price
Purchase or Common Stock Per Share or
Name of Shareholder Sale Date Purchase or Sold Per Warrant
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Tail Trust 6/30/98 776,530 $11.27
(d) No other person has the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of such
securities.
(e) Effective June 30, 1998, the reporting person ceased to be
the beneficial owner of more than (5%) of the Common Stock.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER
See Item 4.
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SIGNATURE
After reasonable inquiry and to the best of their knowledge
and belief, each of the undersigned hereby certifies that the information set
forth in this Schedule is true, complete, and correct.
Date: June 30, 1998
TAIL TRUST
BY: PIRUNICO TRUSTEES (JERSEY) LIMITED
ACCOUNT 282
By: PETER LEWIN
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Peter Lewin, Director
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
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