<PAGE>1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
BUSH INDUSTRIES, INC.
(Name of Issuer)
CLASS A COMMON STOCK, PAR VALUE $.10
(Title of Class of Securities)
123164105
(CUSIP Number)
Mr. K. Tucker Andersen
Cumberland Associates
1114 Avenue of the Americas
New York, New York 10036
(212) 536-9700
(Name, Address and Telephone Number
of Person Authorized to Receive Notices
and Communications)
November 14, 1995
(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(b)(3) or (4), check the following
box [ ].
Check the following box if a fee is being paid with the statement [ ].
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SCHEDULE 13D
CUSIP No. 123164105
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CUMBERLAND ASSOCIATES
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
a[ ]
b[X]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
WC,00
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
None
NUMBER OF 8. SHARED VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER
REPORTING
PERSON 295,000
WITH
10. SHARED DISPOSITIVE POWER
5,000
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
300,000
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8%
14. TYPE OF REPORTING PERSON*
PN, IA
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Item 1. Security and Issuer.
This Amendment No. 1, which is being filed pursuant to Rule 13d-2 of
the General Rules and Regulations under the Securities and Exchange Act of
1934, as amended (the "Exchange Act"), amends the Schedule 13D, dated April
26, 1995 (the "Schedule 13D"), electronically filed by Cumberland Associates,
a New York limited partnership, and relates to the Class A Common Stock, par
value $.10 per share (the "Common Stock" or the "Shares"), of Bush Industries,
Inc. (the "Company"), which has its principal executive offices at One Mason
Drive, Jamestown, New York 14702. Unless otherwise indicated, all
capitalized terms used herein but not defined herein shall have the meanings
ascribed to such terms in the Schedule 13D.
Item 5. Interest in Securities of the Issuer.
Item 5 of the Schedule 13D is hereby amended and restated in its
entirety to read as follows:
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As of the date hereof, Cumberland Associates beneficially owned the
aggregate number and percentage of outstanding Common Stock set forth below:
Number of Shares Percentage*
300,000 ** *** 4.8%
Set forth in Appendix A attached hereto and incorporated herein by
reference are descriptions of the transactions in the Common Stock effected by
Cumberland Associates within the 60 day period prior to the date of this
filing. As of November 15, 1995, Cumberland Associates is no longer the
beneficial owner of more than 5 percent of the Common Stock outstanding.
Accordingly, until such time as Cumberland Associates acquires, directly or
indirectly, beneficial ownership of additional Common Stock in excess of the 5
percent threshold, Cumberland Associates is no longer required to report
pursuant to Rule 13d-1 with respect to the Common Stock.
* Based on 6,193,674 shares of Common Stock outstanding, as indicated in the
Company's Form 10-Q for the fiscal quarter ended September 30, 1995, filed
with the SEC on November 13, 1995.
** As to 295,000 Shares of which, there is sole power to dispose or to direct
the disposition of such Shares; as to 5,000 Shares of which, there is
shared power to dispose or to direct the disposition of such Shares because
two of the account holders may be deemed beneficial owners of such Shares
pursuant to Rule 13d-3 under the Act as a result of their right to
terminate their respective discretionary accounts within a period of 60
days.
***Cumberland Associates has no voting power with respect to any of the
Shares.
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After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: November 15, 1995
CUMBERLAND ASSOCIATES
By: /s/ K. Tucker Andersen
K. Tucker Andersen
General Partner
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APPENDIX A*
1. TRANSACTIONS EFFECTED BY CUMBERLAND ASSOCIATES
<TABLE> <CAPTION>
DATE OF NO. OF UNITS NO. OF PRICE
TRANSACTION PURCHASED UNITS SOLD PER UNIT
<S> <C> <C> <C>
11/15/95 22,000 $19.00
11/14/95 30,000 $19.25
11/13/95 6,000 $19.375
11/10/95 15,000 $19.125
11/9/95 9,000 $19.125
11/8/95 8,000 $19.1281
11/7/95 5,000 $19.15
11/6/95 7,500 $19.21
11/3/95 7,500 $19.317
</TABLE>
* Each of the transactions set forth in this Appendix was a regular way
transaction.
