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OMB APPROVAL
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OMB Number 3235-0104
Expires: December 31, 2001
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
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
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Reservoir Capital Management, L.L.C.
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(Last) (First) (Middle)
650 Madison Avenue, 26th Floor
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(Street)
New York New York 10022
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
July 15, 1999
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3. IRS Identification Number of Reporting Person, if an Entity (voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Orange-co, Inc. OJ
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[_] Director [x] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check Applicable Line)
[_] Form filed by One Reporting Person
[x] Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
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3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
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<S> <C> <C> <C>
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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 reporting person, see Instruction
5(b)(v).
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB control number.
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FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1, Title of Security Exer- tion of Derivative (I) Ownership
(Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Option to purchase By Reservoir
Common Stock owned by Capital
Ben Hill Griffin, III Group, L.L.C.,
and Ben Hill Griffin, Reservoir
Inc. (1) 7/15/99 8/18/99 Common Stock 5,405,160 $7.00 I Capital
Partners,
L.P.,
Reservoir
Capital
Associates,
L.P. and
Reservoir
Capital
Master Fund,
L.P.(2)
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(1) The option to purchase the above referenced shares is pursuant to a letter
of intent by and among Reservoir Capital Group, L.L.C. ("RCG"), Ben Hill
Griffin, III and Ben Hill Griffin, Inc., dated as of July 14, 1999.
(2) Of these shares, 4,535,470 are beneficially owned directly by Reservoir
Capital Partners, L.P. ("RCP"), 247,016 are beneficially owned by Reservoir
Capital Associates ("RCA"), and 622,674 are beneficially owned by Reservoir
Capital Master Fund ("RCMF"). Reservoir Capital Management, L.L.C. is the
managing member of RCG, the general partner of RCP, RCA and RCMF.
Reservoir Capital Management, L.L.C.
By: /s/ Daniel H. Stern July 26, 1999
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Name: Daniel H. Stern Date
Title: President
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** Intentional misstatements or omissions of facts constitute Federal
Commercial 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 is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number
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JOINT FILER INFORMATION
Name: Reservoir Capital Group, L.L.C.
Address: 650 Madison Avenue
26th Floor
New York, New York 10022
Designated Filer: Reservoir Capital Management, L.L.C.
Issuer & Ticker Symbol: Orange-co, Inc. (OJ)
Date of Event Requiring Statement: 7/15/99
By: /s/ Daniel H. Stern
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Name: Daniel H. Stern
Title: President
Name: Reservoir Capital Partners, L.P.
Address: 650 Madison Avenue
26th Floor
New York, New York 10022
Designated Filer: Reservoir Capital Management, L.L.C.
Issuer & Ticker Symbol: Orange-co, Inc. (OJ)
Date of Event Requiring Statement: 7/15/99
By: Reservoir Capital Group, L.L.C., General Partner
By: /s/ Daniel H. Stern
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Name: Daniel H. Stern
Title: President
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Name: Reservoir Capital Associates, L.P.
Address: 650 Madison Avenue
26th Floor
New York, New York 10022
Designated Filer: Reservoir Capital Management, L.L.C.
Issuer & Ticker Symbol: Orange-co, Inc. (OJ)
Date of Event Requiring Statement: 7/15/99
By: Reservoir Capital Group, L.L.C., General Partner
By: /s/ Daniel H. Stern
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Name: Daniel H. Stern
Title: President
Name: Reservoir Capital Master Fund, L.P.
Address: 650 Madison Avenue
26th Floor
New York, New York 10022
Designated Filer: Reservoir Capital Management, L.L.C.
Issuer & Ticker Symbol: Orange-co, Inc. (OJ)
Date of Event Requiring Statement: 7/15/99
By: Reservoir Capital Group, L.L.C., General Partner
By: /s/ Daniel H. Stern
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Name: Daniel H. Stern
Title: President
