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. 2)(1)
TRIDENT ROWAN GROUP, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
89614K-10-6
- --------------------------------------------------------------------------------
(CUSIP Number)
Copy to: Stephen A. Cohen, Esq.
Applewood Associates, L.P. Morrison Cohen Singer & Weinstein, LLP
68 Wheatley Road 750 Lexington Avenue
Brookville, New York 11545 New York, New York 10022
Telephone (516) 626-3070 Telephone (212) 735-8600
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
May 7, 1998
- --------------------------------------------------------------------------------
(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-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
Rule 13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
- ----------------
(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).
Page 1 of 18 Pages
<PAGE>
13D
|-----------------------| |--------------------------|
|CUSIP No. 89614K-10-6 | | Page 2 of 18 Pages |
|-----------------------| |--------------------------|
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Woodland Partners |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* WC, OO |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization New York |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 111,000 shares 2.2% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 23,000 shares 0.5% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 111,000 shares 2.2% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 23,000 shares 0.5% |
|----------------------------------------------------------------------------|
| 11 | Aggregate Amount Beneficially Owned By Each Reporting Person |
| | |
| | 134,000 |
|---------|------------------------------------------------------------------|
| 12 | Check Box if the Aggregate Amount in Row (11) |
| | excludes Certain Shares* [ ] |
| | |
|---------|------------------------------------------------------------------|
| 13 | Percent of Class Represented by Amount in Row (11) |
| | |
| | 2.7% |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person* |
| | |
| | PN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
|-----------------------| |--------------------------|
|CUSIP No. 89614K-10-6 | | Page 3 of 18 Pages |
|-----------------------| |--------------------------|
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Barry Rubenstein |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* PF, WC, OO |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization United States |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 0 shares 0% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 204,000 shares 4.0% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 0 shares 0% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 204,000 shares 4.0% |
|----------------------------------------------------------------------------|
| 11 | Aggregate Amount Beneficially Owned By Each Reporting Person |
| | |
| | 204,000 |
|---------|------------------------------------------------------------------|
| 12 | Check Box if the Aggregate Amount in Row (11) |
| | excludes Certain Shares* [ ] |
| | |
|---------|------------------------------------------------------------------|
| 13 | Percent of Class Represented by Amount in Row (11) |
| | 0.1% |
| | |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person* |
| | |
| | IN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
|-----------------------| |--------------------------|
|CUSIP No. 89614K-10-6 | | Page 4 of 18 Pages |
|-----------------------| |--------------------------|
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Marilyn Rubenstein |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* WC, OO |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization United States |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 0 shares 0% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 134,000 shares 2.7% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 0 shares 0% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 134,000 shares 2.7% |
|----------------------------------------------------------------------------|
| 11 | Aggregate Amount Beneficially Owned By Each Reporting Person |
| | |
| | 134,000 shares |
|---------|------------------------------------------------------------------|
| 12 | Check Box if the Aggregate Amount in Row (11) |
| | excludes Certain Shares* [ ] |
| | |
|---------|------------------------------------------------------------------|
| 13 | Percent of Class Represented by Amount in Row (11) |
| | 2.7% |
| | |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person* |
| | |
| | IN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
|-----------------------| |--------------------------|
|CUSIP No. 89614K-10-6 | | Page 5 of 18 Pages |
|-----------------------| |--------------------------|
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | The Rubenstein Family Limited Partnership |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* WC, OO |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization New York |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 20,000 shares 0.4% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 114,000 shares 2.3% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 20,000 shares 0.4% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 114,000 shares 2.3% |
|----------------------------------------------------------------------------|
| 11 | Aggregate Amount Beneficially Owned By Each Reporting Person |
| | |
| | 134,000 shares |
|---------|------------------------------------------------------------------|
| 12 | Check Box if the Aggregate Amount in Row (11) |
| | excludes Certain Shares* [ ] |
| | |
|---------|------------------------------------------------------------------|
| 13 | Percent of Class Represented by Amount in Row (11) |
| | 2.7% |
| | |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person* |
| | |
| | PN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
|-----------------------| |--------------------------|
|CUSIP No. 89614K-10-6 | | Page 6 of 18 Pages |
|-----------------------| |--------------------------|
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Brian Rubenstein |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* PF, OO |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization United States |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 3,000 shares 0.1% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 0 shares 0% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 3,000 shares 0.1% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 0 shares 0% |
|----------------------------------------------------------------------------|
| 11 | Aggregate Amount Beneficially Owned By Each Reporting Person |
| | |
| | 3,000 shares |
|---------|------------------------------------------------------------------|
| 12 | Check Box if the Aggregate Amount in Row (11) |
| | excludes Certain Shares* [ ] |
| | |
|---------|------------------------------------------------------------------|
| 13 | Percent of Class Represented by Amount in Row (11) |
| | 1.9% |
| | |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person* |
| | |
| | IN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
|-----------------------| |--------------------------|
|CUSIP No. 89614K-10-6 | | Page 7 of 18 Pages |
|-----------------------| |--------------------------|
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Applewood Associates, L.P. |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* WC |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization New York |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 70,000 shares 1.4% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 0 shares 0% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 70,000 shares 1.4% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 0 shares 0% |
|----------------------------------------------------------------------------|
| 11 | Aggregate Amount Beneficially Owned By Each Reporting Person |
| | |
| | 70,000 shares |
|---------|------------------------------------------------------------------|
| 12 | Check Box if the Aggregate Amount in Row (11) |
| | excludes Certain Shares* [ ] |
| | |
|---------|------------------------------------------------------------------|
| 13 | Percent of Class Represented by Amount in Row (11) |
| | 1.4% |
| | |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person* |
| | |
| | PN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
|-----------------------| |--------------------------|
|CUSIP No. 89614K-10-6 | | Page 8 of 18 Pages |
|-----------------------| |--------------------------|
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Irwin Lieber |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* WC, PF |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization United States |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 20,000 shares 0.4% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 70,000 shares 1.4% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 20,000 shares 0.4% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 70,000 shares 1.4% |
|----------------------------------------------------------------------------|
| 11 | Aggregate Amount Beneficially Owned By Each Reporting Person |
| | |
| | 90,000 shares |
|---------|------------------------------------------------------------------|
| 12 | Check Box if the Aggregate Amount in Row (11) |
| | excludes Certain Shares* [ ] |
| | |
|---------|------------------------------------------------------------------|
| 13 | Percent of Class Represented by Amount in Row (11) |
| | 1.8% |
| | |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person* |
| | |
| | IN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
|-----------------------| |--------------------------|
|CUSIP No. 89614K-10-6 | | Page 9 of 18 Pages |
|-----------------------| |--------------------------|
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Barry Fingerhut |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* WC, PF |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization United States |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 20,000 shares 0.4% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 70,000 shares 1.4% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 20,000 shares 0.4% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 70,000 shares 1.4% |
|----------------------------------------------------------------------------|
| 11 | Aggregate Amount Beneficially Owned By Each Reporting Person |
| | |
| | 90,000 shares |
|---------|------------------------------------------------------------------|
| 12 | Check Box if the Aggregate Amount in Row (11) |
| | excludes Certain Shares* [ ] |
| | |
|---------|------------------------------------------------------------------|
| 13 | Percent of Class Represented by Amount in Row (11) |
| | 1.8% |
| | |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person* |
| | |
| | IN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
|-----------------------| |--------------------------|
|CUSIP No. 89614K-10-6 | | Page 10 of 18 Pages |
|-----------------------| |--------------------------|
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Applewood Capital Corp. |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* WC |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization New York |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 0 shares 0% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 70,000 shares 1.4% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 0 shares 0% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 70,000 shares 1.4% |
|----------------------------------------------------------------------------|
| 11 | Aggregate Amount Beneficially Owned By Each Reporting Person |
| | |
| | 70,000 shares |
|---------|------------------------------------------------------------------|
| 12 | Check Box if the Aggregate Amount in Row (11) |
| | excludes Certain Shares* [ ] |
| | |
|---------|------------------------------------------------------------------|
| 13 | Percent of Class Represented by Amount in Row (11) |
| | 1.4% |
| | |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person* |
| | |
| | CO |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
|-----------------------| |--------------------------|
|CUSIP No. 89614K-10-6 | | Page 11 of 18 Pages |
|-----------------------| |--------------------------|
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Jonathan Lieber |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* WC |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization United States |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 0 shares 0% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 70,000 shares 1.4% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 0 shares 0% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Power |
| | | 70,000 shares 1.4% |
|----------------------------------------------------------------------------|
| 11 | Aggregate Amount Beneficially Owned By Each Reporting Person |
| | |
| | 70,000 shares |
|---------|------------------------------------------------------------------|
| 12 | Check Box if the Aggregate Amount in Row (11) |
| | excludes Certain Shares* [ ] |
| | |
|---------|------------------------------------------------------------------|
| 13 | Percent of Class Represented by Amount in Row (11) |
| | 1.4% |
| | |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person* |
| | |
| | IN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13D
|-----------------------| |--------------------------|
|CUSIP No. 89614K-10-6 | | Page 12 of 18 Pages |
|-----------------------| |--------------------------|
|----------------------------------------------------------------------------|
| 1 | Name of Reporting Persons |
| | I.R.S. Identification Nos. of Above Persons (Entities Only) |
| | Seth Lieber |
| | |
|---------|------------------------------------------------------------------|
| 2 | Check the Appropriate Box if a Member of a Group* (a) [ ] |
| | (b) [ ] |
|---------|------------------------------------------------------------------|
| 3 | SEC Use Only |
| | |
|---------|------------------------------------------------------------------|
| 4 | Source of Funds* WC |
| | |
| | |
|---------|------------------------------------------------------------------|
| 5 | Check Box if Disclosure of Legal Proceedings is Required |
| | Pursuant to Items 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | Citizenship or Place of Organization United States |
| | |
| | |
|----------------|-----|-----------------------------------------------------|
| | 7 | Sole Voting Power |
| | | 0 shares 0% |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | Shared Voting Power |
| BENEFICIALLY | | 70,000 shares 1.4% |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | Sole Dispositive Power |
| PERSON | | 0 shares 0% |
| WITH |-----|-----------------------------------------------------|
| | 10 | Shared Dispositive Powe |
| | | 70,000 shares 1.4% |
|----------------------------------------------------------------------------|
| 11 | Aggregate Amount Beneficially Owned By Each Reporting Person |
| | |
| | 70,000 shares |
|---------|------------------------------------------------------------------|
| 12 | Check Box if the Aggregate Amount in Row (11) |
| | excludes Certain Shares* [ ] |
| | |
|---------|------------------------------------------------------------------|
| 13 | Percent of Class Represented by Amount in Row (11) |
| | 1.4% |
| | |
|---------|------------------------------------------------------------------|
| 14 | Type of Reporting Person* |
| | |
| | IN |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
This statement, dated May 7, 1998, constitutes Amendment No. 2 to the
Schedule 13D, dated June 6, 1997, regarding the reporting persons' ownership of
certain securities of Trident Rowan Group, 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. 2 to the Schedule is filed in accordance with Rule
13d-2 of the Securities Exchange Act of 1934, as amended, by the reporting
persons. It shall refer only to information which has materially changed since
the filing of the Schedule.
ITEM 5. Interests in Securities of Issuer.
(a) The following list sets forth the aggregate number and
percentage (based on 4,987,780 shares of Common Stock outstanding as reported by
the Issuer in its Form 10-K for the period ended December 31, 1997) of
outstanding shares of Common Stock beneficially owned by each reporting person
named in Item 2, as of May 7, 1998:
Page 13 of 18 Pages
<PAGE>
<TABLE>
<CAPTION>
Shares of Percentage of Shares
Common Stock of Common Stock
Name Beneficially Owned(1) Beneficially Owned(1)
- ---- --------------------- ---------------------
<S> <C> <C>
Woodland Partners 134,000(2)(3) 2.7%
Barry Rubenstein 204,000(2)(4) 4.0%
Marilyn Rubenstein 134,000(2)(3) 2.7%
The Rubenstein Family
Limited Partnership 134,000(2)(3) 2.7%
Brian Rubenstein 3,000 0.1%
Applewood Associates, L.P. 70,000(5) 1.4%
Barry Fingerhut 90,000(2)(5)(6) 1.8%
Irwin Lieber 90,000(2)(5)(6) 1.8%
Applewood Capital Corp. 70,000(2)(5) 1.4%
Seth Lieber 70,000(2)(5) 1.4%
Jonathan Lieber 70,000(2)(5) 1.4%
</TABLE>
- -------------------
1 Includes shares of Common Stock issuable upon the exercise of the Warrants.
2 The reporting person disclaims beneficial ownership of these securities,
except to the extent of his/hers/its equity interest therein.
3 Includes 74,000 shares of Common Stock and 60,000 shares of Common Stock
issuable upon the exercise of the Warrants.
4 Includes 84,000 shares of Common Stock and 120,000 shares of Common Stock
issuable upon the exercise of the Warrants.
5 Includes 10,000 shares of Common Stock and 60,000 shares of Common Stock
issuable upon the exercise of the Warrants.
6 Includes 20,000 shares of Common Stock.
(b) Woodland Partners has sole power to vote and to dispose of 61,000
shares of Common Stock and 50,000 shares of Common Stock issuable upon the
exercise of the Warrants, representing approximately 2.2% of the outstanding
Common Stock, and may be deemed to have shared power to vote and to dispose of
13,000 shares of Common Stock and 10,000 shares of Common Stock issuable upon
the exercise of Warrants, representing approximately 0.5% of the outstanding
Common Stock.
Barry Rubenstein, by virtue of being a general partner of
Woodland Partners, Applewood Associates, and the Rubenstein Partnership, husband
of Marilyn Rubenstein, father of Brian Rubenstein and a shareholder, an officer
and director of AC Corp., may be deemed to have shared power to vote and to
dispose of 84,000 shares of Common Stock and 120,000 shares of Common Stock
issuable upon the exercise of Warrants, representing approximately 4.0% of the
outstanding Common Stock.
Marilyn Rubenstein, by virtue of being a general partner of
Woodland Partners and the Rubenstein Partnership, wife of Barry Rubenstein and
mother of Brian Rubenstein, may be deemed to have shared power to vote and to
dispose of 74,000 shares of Common Stock and 60,000 shares of Common Stock
issuable upon the exercise of the Warrants, representing approximately 2.7% of
the outstanding Common Stock.
The Rubenstein Partnership has the sole power to vote and to
dispose of 10,000 shares of Common Stock and 10,000 shares of Common Stock
issuable upon the exercise of the Warrants representing approximately 0.4% of
the outstanding Common Stock. The Rubenstein Partnership, may be deemed to have
shared power to vote and to dispose of 64,000 shares of
Page 14 of 18 Pages
<PAGE>
Common Stock and 50,000 shares of Common Stock issuable upon the exercise of the
Warrants, representing approximately 2.3% of the outstanding Common Stock.
Brian Rubenstein has the sole power to vote and to dispose of
3,000 shares of Common Stock, representing approximately 0.1% of the outstanding
Common Stock.
Applewood Associates, L.P. has sole power to vote and to
dispose of 10,000 shares of Common Stock and 60,000 shares of Common Stock
issuable upon the exercise of Warrants, representing approximately 1.4% of the
outstanding Common Stock.
Barry Fingerhut, by virtue of being a general partner of
Applewood and a shareholder, shareholder, an officer and director of AC Corp.,
may be deemed to have shared power to vote and to dispose of 10,000 shares of
Common Stock and 60,000 shares of Common Stock issuable upon the exercise of the
Warrants, representing approximately 1.4% of the outstanding Common Stock. Barry
Fingerhut has sole power to vote and to dispose of 20,000 shares of Common
Stock, representing approximately 0.4% of the outstanding Common Stock.
Irwin Lieber, by virtue of being a general partner of
Applewood and a shareholder, an officer and director of AC Corp., may be deemed
to have shared power to vote and to dispose of 10,000 shares of Common Stock and
60,000 shares of Common Stock issuable upon the exercise of the Warrants,
representing approximately 1.4% of the outstanding Common Stock. Irwin Lieber
has sole power to vote and to dispose of 20,000 shares of Common Stock,
representing approximately 0.4% of the outstanding Common Stock.
Applewood Capital may be deemed to have shared power to vote
and to dispose of 10,000 shares of Common Stock, and 60,000 shares of Common
Stock issuable upon the exercise of the Warrants, representing approximately
1.4% of the outstanding Common Stock.
Jonathan Lieber, by virtue of being an officer of AC Corp.,
may be deemed to have shared power to vote and to dispose of 10,000 shares of
Common Stock and 60,000 shares of Common Stock issuable upon the exercise of the
Warrants, representing approximately 1.4% of the outstanding Common Stock.
Seth Lieber, by virtue of being an officer of AC Corp., may be
deemed to have shared power to vote and to dispose of 10,000 shares of Common
Stock and 60,000 shares of Common Stock issuable upon the exercise of the
Warrants, representing approximately 1.4% of the outstanding Common Stock.
Page 15 of 18 Pages
<PAGE>
(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 18, 1998 through May 7, 1998, inclusive:
<TABLE>
<CAPTION>
Purchase or
Number of shares of Sales Price
Purchase or Common Stock (C) Per Share or
Name of Shareholder Sale Date Purchased or (Sold) Per Warrant
- ------------------- --------- ------------------- -----------
<S> <C> <C> <C>
Applewood Associates, L.P. 5/7/98 (190,000) $6.50
</TABLE>
The shares of Common Stock were sold in the over-the-counter market.
(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 May 7, 1998, the reporting persons ceased to be
the beneficial owners of more than five percent (5%) of the Common Stock.
Page 16 of 18 Pages
<PAGE>
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
statement is true, correct and complete.
Date: May 11, 1998
APPLEWOOD ASSOCIATES, L.P.
By: /s/Irwin Lieber
-----------------------------------------
Irwin Lieber, a General Partner
APPLEWOOD CAPITAL CORP.
By: /s/Barry Rubenstein
-----------------------------------------
Barry Rubenstein, President
/s/Barry Rubenstein
-----------------------------------------
Barry Rubenstein
/s/Irwin Lieber
-----------------------------------------
Irwin Lieber
/s/Barry Fingerhut
-----------------------------------------
Barry Fingerhut
/s/Jonathan Lieber
-----------------------------------------
Jonathan Lieber
/s/Seth Lieber
-----------------------------------------
Seth Lieber
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
Page 17 of 18 Pages
<PAGE>
WOODLAND PARTNERS
By: /s/Barry Rubenstein
-----------------------------------------
Barry Rubenstein, a General Partner
THE RUBENSTEIN FAMILY LIMITED PARTNERSHIP
By: /s/Barry Rubenstein
-----------------------------------------
Barry Rubenstein, a General Partner
/s/Marilyn Rubenstein
--------------------------------------------
Marilyn Rubenstein
*
--------------------------------------------
Brian Rubenstein
* /s/Barry Rubenstein
- ----------------------------------
Barry Rubenstein, Attorney-in-Fact
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
