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FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
OMB APPROVAL
OMB NUMBER 3235-0287
EXPIRES: APRIL 30, 1997
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE . . . . 0.5
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
/X/ CHECK THIS BOX IF NO LONGER
SUBJECT TO SECTION 16. FORM 4
OR FORM 5 OBLIGATIONS MAY
CONTINUE. SEE INSTRUCTION 1(b).
(Print or Type Responses)
1. Name and Address of Reporting Person
THE HALLWOOD GROUP INCORPORATED
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3710 RAWLINS SUITE 1500
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(Street)
DALLAS TEXAS 75219
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SHOWBIZ PIZZA TIME, INC.
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
MARCH 1997
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer (Check all applicable)
Director XX 10% Owner
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Officer (give title below) Other (specify below)
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7. Individual or Joint/Group Filing (Check Applicable)
X Form filed by One Reporting Person
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Form filed by More than One Reporting Person
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TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY
OWNED
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1. Title of Security 2. Transaction Date 3. Transaction Code 4. Securities Acquired (A) or
(Instr. 3) (Month/Day/Year) (Instr.8) Disposed of (D) (Instr. 3, 4
and 5)
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Code / V Amount / (A) or (D) / Price
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<S> <C> <C> <C>
COMMON STOCK 3/13/97 J 219,194 A 17.426
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COMMON STOCK 3/26/97 S 2,632,983 D 15.68
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5. Amount of Securities 6. Ownership Form: Direct 7. Nature of Indirect
Beneficially Owned (D) or Indirect (I) Beneficial Ownership
at End of Month (Instr. 4) (Instr. 4)
(Instr. 3 and 4)
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<S> <C> <C> <C>
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COMMON STOCK
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COMMON STOCK 0
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(Over)
SEC 1474 (7/96)
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FORM 4 (CONTINUED)
TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative 2. Conversion or 3. Transaction 4. Transaction 5. Number of Derivative 6. Date Exercisable and
Security (Instr. 3) Exercise Price Date (Month/ Code (Instr. 8) Securities Acquired Expiration Date
of Derivative Day/Year) (A) or Disposed of (Month/Day/Year)
Security (D) (Instr. 3, 4,
and 5)
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Code / V (A) / (D) Date Expiration
Exercisable Date
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
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<CAPTION>
7. Title and Amount 8. Price of 9. Number of 10. Ownership 11. Nature of
of Underlying Derivative Derivative Form of Indirect
Securities (Instr. Security Securities Derivative Beneficial
3 and 4) (Instr. 5) Beneficially Security: Ownership
Owned at Direct (D) (Instr. 4)
Amount or End of or Indirect
Number of Month (I) (Instr. 4)
Title Shares (Instr. 4)
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<S> <C> <C> <C> <C> <C>
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Explanation of Responses: On January 3, 1997 the Board of Directors of The
Hallwood Group Incorporated (the "Company") authorized the exchange of 267,709
shares of common stock of the Company for 219,194 shares of common stock of
ShowBiz Pizza Time, Inc. ("ShowBiz") owned by the Alpha and Epsilon Trusts. The
exchange was completed on March 13, 1997, increasing the Company's holdings of
ShowBiz common stock to 2,632,983. On March 26, 1997, the Company sold all of
its holdings of ShowBiz common stock pursuant to a registered offering.
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<S> <C>
THE HALLWOOD GROUP INCORPORATED
** Intentional misstatements or omissions of facts constitute By: /s/ MELVIN J. MELLE 4/8/97
Federal Criminal Violations. See 18 U.S.C. 1001 and 15 ---------------------------------- ----------
U.S.C. 78ff(a). ** Signature of Date
Reporting Person
Name: MELVIN J. MELLE
Note: File three copies of this Form, one of which must -----------------------------
be manually signed. If space provided is insufficient, Title: Vice President
see Instruction 6 for procedure. ----------------------------
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SEC 1474 (8/92)
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