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*
PINTO JAMES J.
(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)
X Director X 10% Owner
------ ------
Officer (give title below) Other (specify
------ ------ below)
6. If Amendment, Date of Original (Month/Day/Year)
6/27/97*
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.
* If the Form is filed by more than one (Over)
reporting person, SEE instruction 5(b)(v). SEC 1473(7-97)
Potential persons who are to respond to the collection of information in this
form are not required to respond unless the form displays a currently valid OMB
control number.
<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> <C>
Warrants to Purchase Common Stock Immediat. 05/06/03 Common Stock 1,978,252
Warrants to Purchase Common Stock Immediat. 05/06/03 Common Stock 62,500
Convertible Series A Preferred Stock Immediat. 05/06/03 Common Stock 196,000
Convertible Series A Preferred Stock Immediat. 05/06/03 Common Stock 500,000
<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>
$1.375 D
$1.375 I Partner in TelCom Partners, L.P.
$1.25 D
$1.25 I Partner in TelCom Partners, L.P.
</TABLE>
Explanation of Responses:
* This Amendment is being filed to correct an immaterial error in the Amount of
Securities Underlying the Warrants directly held by Mr. Pinto. The amount
originally reported was 1,928,252 when in fact Mr. Pinto held Warrants to
purchase 1,978,252 shares of Common Stock.
**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.
/s/ James J. Pinto February 24, 1998
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**Signature of Reporting Person Date
James J. Pinto
Potential persons who are to respond to the collection of information in this
form are not required to respond unless the form displays a currently valid OMB
control number.
