U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934,
Section 17(a) of the Public
Utility Holding Company Act of
1935 or Section 30(f) of the
Investment Company Act of 1940
1. Name and Address of Reporting Person*
TelCom, L.P.
(Last) (First) (Middle)
235 Sunrise Avenue
(Street)
Palm Beach Florida 33480
(City (State) (Zip)
2. Date of Event Requiring Statement (Month / Day / Year)
6/18/97
3. IRS or Social Security Number of Person Reporting (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
EMPIRE OF CAROLINA, INC. (EMP)
5. Relationship of Reporting Person to Issuer (Check all applicable)
Director 10% Owner
------ ------
Officer (give title below) X Other (specify
------ ------ below)
CONTROLLED BY A 10% OWNER
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Join/Group Filing
X Form filed by One Reporting Person
-------
Form filed by More than One Reporting Person
-------
<TABLE>
<CAPTION>
TABLE I - NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
1. Title of security 2. Amount of Securities 3. Ownership 4. Nature of Indirect
(Inst.4) Beneficially Owned Form: Direct Beneficial Ownership
(Instr. 4) (D) or Indirect (Instr. 5)
(I) (Inst. 5)
--------------------- ------------------------ ------------------- -----------------------
<S> <C> <C> <C>
NONE
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (Over) * If the Form is filed by more than one
reporting person, SEE instruction 5(b)(v). SEC 1473(8-92)
<PAGE>
FORM 3 (CONTINUED) TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<TABLE>
<CAPTION>
1. Title of Derivative Security 2. Date Exercisable and 3. Title and Amount of Securities
(Instr. 4) Expiration Date Underlying Derivative Security
(Month/Day/Year) (Instr. 4)
Date Expiration Amount or
Exercisable Date Title Number of Shares
- -------------------------------------- ----------- ----------- ------------- -------------------
<S> <C> <C> <C>
Shares of Series A Preferred Stock Immediat. 05/06/03 Common Stock 500,000
Warrant to Purchase Common Stock Immediat. 05/06/03 Common Stock 62,500
<CAPTION>
4. Conversion or 5. Ownership Form 6. Nature of Indirect
Exercise Price of Derivative Beneficial Ownership
of Derivative Security Security:Direct (D) (Instr. 5)
or Indirect (I)
(Instr. 5)
- --------------------------------------- ---------------------- ------------------------
<S> <C> <C>
$1.25 D
$1.375 D
</TABLE>
Explanation of Responses:
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, SEE Instruction 6 for procedure.
TELCOM, L.P.
/S/ JAMES J. PINTO JUNE 30, 1997
------------------------------- -------------------------
Title: Partner
**Signature of Reporting Person Date
