UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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/
Alba-Waldensian, Inc.
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(Name of Issuer)
Common Stock, par value $2.50 per share
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(Title of Class of Securities)
012041109
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(CUSIP Number)
Nathan H Dardick
303 East Wacker Drive
Suite 1000
Chicago, Illinois 60601
(312) 207-2400
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
February 10, 1999
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(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: 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.
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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 and 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).
<PAGE>
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CUSIP No. 012041109 13D Page 2 of 5 Pages
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1 Names of Reporting Persons - Nathan H Dardick
I.R.S. Identification Nos. of Above Persons (Entities Only) - N/A
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* - N/A (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS/1/ - PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) - N/A [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
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NUMBER OF SHARES 7 SOLE VOTING POWER 515,300 Shares
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BENEFICIALLY OWNED 8 SHARED VOTING POWER N/A
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BY EACH REPORTING 9 SOLE DISPOSITIVE POWER 515,300 Shares
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PERSON WITH 10 SHARED DISPOSITIVE POWER N/A
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 515,300 Shares
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES - N/A [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)- 21.9%
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14 TYPE OF REPORTING PERSON - IN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 3 of 5
Item 1. Security and Issuer.
The class of equity securities to which this Schedule 13D relates
is the Common Stock, par value $2.50 per share (the "Common Stock"), of
Alba-Waldensian, Inc., a Delaware corporation (the "Issuer"). The principal
executive offices of the Issuer are located at 201 St. Germain Avenue, SW,
Valdese, North Carolina 28690.
Item 2. Identity and Background.
(a) This Schedule 13D is being filed by Nathan H Dardick
(herein also referred to as the "Reporting Person").
(b) The address of the business office of the Reporting Person
is 303 East Wacker Drive, Suite 1000, Chicago, Illinois
60601.
(c) The present principal occupation of the Reporting Person is
private investor.
(d) During the past five years, the Reporting Person has not
been convicted in any criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) During the last five years, the Reporting Person has not
been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a
result of such proceeding is or was subject to a judgment,
decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect
to such laws.
(f) The Reporting Person is a United States citizen.
Item 3. Source and Amount of Funds or Other Consideration.
The Common Stock was purchased with existing cash funds.
Item 4. Purpose of Transaction.
The shares of Common Stock purchased by the Reporting Person have
been acquired for investment purposes. The Reporting Person has no present plans
or intentions which would result in or relate to any of the transactions
described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
Notwithstanding this fact, the Issuer nominated the Reporting Person to become a
director of the Issuer. The Reporting Person was elected to the board of
directors by the Stockholders at a meeting held on July 22, 1998. Although the
Reporting Person has not acquired the Common Stock with any purpose, or with the
effect of, changing or influencing the control of the Issuer, and would be
unlikely to do so in view of the controlling position held by Clyde Engle, the
Reporting Person may in the future, make additional purchases of Common Stock
either in the open market or in private transactions in amounts which may result
in the Reporting Person owning as much as 25% of the Issuer's Common Stock. Any
additional purchases are subject to the Reporting Person's evaluation of the
Issuer's business, prospects and financial condition, market for the Common
Stock, other opportunities available to the Reporting Person, general economic
conditions, availability of funds and other future developments. Depending on
the same factors, the Reporting Person may decide to sell all or part of his
remaining investment in the Common Stock, although he has no present intention
to do so.
Item 5. Interest in Securities of the Issuer.
(a) The Reporting Person beneficially owns 515,300 shares of
Common Stock. Based upon information contained in the most recently available
filing by the Issuer with the Securities and Exchange Commission, such shares
constitute approximately 21.9% of the outstanding shares of Common Stock.
(b) The Reporting Person has sole power to vote or to direct the
vote, and sole power to dispose or to direct the disposition of, all of the
shares referenced in Item 5(a).
(c) All transactions in the Common Stock by the Reporting Person that
were effected in the open market during the past 60 days are as follows:
Date Number of Shares Aggregate Purchase Price
February 10, 1999 50,000 $939,500
(d) No person other than the Reporting Person has the right to receive or
the power to direct the receipt of dividends from, or the proceeds of sale of,
the shares of Common Stock beneficially owned by the Reporting Person.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
Not applicable.
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: February 10, 1999 /s/ Nathan H Dardick
Signature
Nathan H Dardick
Name
