<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 10 )*
------
HECHINGER COMPANY
----------------------------------
(Name of Issuer)
Class B Common Stock, par value $.10 per share
-----------------------------------------------------------
(Title of Class of Securities)
422 660 100
----------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement / /. (A
fee is not required only if the filing person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*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 the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities 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).
(Continued on following page(s))
Page 1 of 36 Pages
---
<PAGE>
CUSIP No. 422660100 13G Page 2 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
John W. Hechinger
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 11,790,751**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 1,996,101**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
11,790,751**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
88.57%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 3 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
June R. Hechinger
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 1,994,121**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,994,121**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
14.98%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 4 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
John W. Hechinger, Jr.
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 11,790,751**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 3,311,047**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
11,790,751**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
88.57%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 5 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Deborah Hechinger
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 3,311,047**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,311,047**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
24.87%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 6 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
S. Ross Hechinger
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 11,790,751**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 3,311,047**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
11,790,751**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
88.57%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 7 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Susan L. Hechinger
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 3,311,047**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,311,047**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
24.87%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 8 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
The Nancy Hechinger Lowe Revocable Trust
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Not Applicable
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 3,072,409**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,072,409**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
23.08%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
OO
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 9 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Nancy Hechinger Lowe
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 3,089,890**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,089,890**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
23.21%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 10 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Peter E. Lowe
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 3,089,890**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,089,890**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
23.21%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 11 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Sally Hechinger Rudoy
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 3,089,890**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,089,890**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
23.21%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 12 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Peter Rudoy
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 3,089,890**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,089,890**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
23.21%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 13 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
June Limited Partnership
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Maryland
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 2,601,229**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,601,229**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
19.54%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 14 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
JARSAN Associates Limited Partnership
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Maryland
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 215,330**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
215,330**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
1.62%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 15 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Richard England
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 2,375,074**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,375,074**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
17.84%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 16 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Lois H. England
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 2,375,074**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,375,074**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
17.84%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 17 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Richard England, Jr.
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 2,383,507**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,383,507**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
17.9%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 18 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Diana England
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 2,383,507**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,383,507**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
17.9%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 19 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Joan England Akman
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 2,012,655**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,012,655**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
15.12%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 20 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Larry A. Akman
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 2,012,655**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,012,655**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
15.12%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 21 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Catherine S. England
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0**
--------------------------------------------------
(7) Sole Dispositive
Power 228,389**
--------------------------------------------------
(8) Shared Dispositive
Power 1,786,455**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,014,844**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
15.14%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 22 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Isham Peugh
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0**
--------------------------------------------------
(7) Sole Dispositive
Power 6,715**
--------------------------------------------------
(8) Shared Dispositive
Power 0**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
6,715**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
0.05%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 23 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Lois Associates Limited Partnership
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Maryland
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 1,786,455*
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,786,455**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
13.42%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 24 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
CARAN Associates Limited Partnership
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Maryland
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 215,330**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
215,330**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
1.62%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660100 13G Page 25 of 36 Pages
--------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Hechinger Family Trust
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Not Applicable
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting
Beneficially Power 0**
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power 0**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 665,854**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
665,854**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
5.0%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
OO
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
Page 26 of 36 Pages
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
__________________________________
SCHEDULE 13G
__________________________________
ITEM 1(A). NAME OF ISSUER.
Hechinger Company
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.
The address of the issuer's principal executive offices is 3500
Pennsy Drive, Landover, Maryland 20785.
ITEMS 2(A). NAME OF PERSON FILING.
The following members of the family of John W. Hechinger and entities
wholly owned by members of such family are filing this Amendment No. 10 to
Schedule 13G (this "Amendment"): John W. Hechinger, June R. Hechinger, John W.
Hechinger, Jr., Deborah Hechinger, S. Ross Hechinger, Susan L. Hechinger, The
Nancy Hechinger Lowe Revocable Trust, Nancy Hechinger Lowe, Peter E. Lowe, Sally
Hechinger Rudoy, Peter W. Rudoy, June Limited Partnership and JARSAN
Associates Limited Partnership. The following members of the family of
Richard England and entities wholly owned by members of such family are
filing this Amendment: Richard England, Lois H. England, Richard England, Jr.,
Diana England, Larry A. Akman, Joan England Akman, Catherine S. England,
Lois Associates Limited Partnership and CARAN Associates Limited Partnership.
Isham Peugh, formerly the spouse of Catherine S. England, is also filing
this Amendment. In addition, the Hechinger Family Trust is filing this
Amendment.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE AND, IF NONE, RESIDENCE.
The principal business office of each natural person and other entity
named in Item 2(a) above is 3500 Pennsy Drive, Landover, Maryland 20785.
ITEM 2(C). CITIZENSHIP.
Each natural person filing this Amendment is a citizen of the United
States. Each of Lois Associates Limited Partnership, CARAN Associates Limited
Partnership, June Limited Partnership and JARSAN Associates Limited Partnership
is a limited partnership organized under the laws of the State of Maryland.
Item 2(c) is not applicable to the Hechinger Family Trust or The Nancy Hechinger
Lowe Revocable Trust.
ITEM 2(D). TITLE OF CLASS OF SECURITIES.
Class B Common Stock, par value $.10 per share.
ITEM 2(E). CUSIP NUMBER.
422 660 100
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B) OR
13D-2(B), CHECK....
Not applicable.
ITEM 4. OWNERSHIP.
(a) Amount Beneficially Owned:
See Schedule A.
<PAGE>
Page 27 of 36 Pages
(b) Percent of Class:
See Schedule A.
(c) Number of shares as to which each person filing this Amendment
has (i) sole power to vote or direct the vote; (ii) shared power to vote
or direct the vote; (iii) sole power to dispose or direct the
disposition; or (iv) shared power to dispose or direct the disposition:
See Schedule A.
ITEMS 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS / /
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
See Schedule A.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATION
Not applicable.
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
February 14, 1994
/s/ JOHN W. HECHINGER
____________________________
John W. Hechinger*
/s/ JOAN ENGLAND AKMAN
____________________________
Joan England Akman**
<PAGE>
Page 28 of 36 Pages
_______________
* John W. Hechinger is executing this Amendment on his own behalf and
as Attorney-in-Fact on behalf of the following reporting persons: June R.
Hechinger, John W. Hechinger, Jr., Deborah Hechinger, S. Ross Hechinger, Susan
L. Hechinger, The Nancy Hechinger Lowe Revocable Trust, Nancy Hechinger Lowe,
Peter E. Lowe, Sally Hechinger Rudoy, Peter Rudoy, June Limited Partnership,
JARSAN Associates Limited Partnership and the Hechinger Family Trust.
** Joan England Akman is executing this Amendment on her own behalf and as
Attorney-in-Fact on behalf of the following reporting persons: Lois H. England,
Richard England, Diana England, Richard England, Jr., Larry A. Akman, Catherine
S. England, Lois Associates Limited Partnership, CARAN Associates Limited
Partnership, Isham Peugh, and the Hechinger Family Trust.
The relevant Powers of Attorney are incorporated by reference to Amendments
Nos. 6 and 7 to the Schedule 13G relating to the issuer's Class B Common
Stock, which amendments were filed with the Securities and Exchange
Commission on September 26, 1990 and February 14, 1991, respectively.
<PAGE>
Page 29 of 36 Pages
SCHEDULE A
BENEFICIAL OWNERSHIP OF CLASS B SHARES
In the following table, each reference to the percentage of Class B Shares
beneficially owned by a reporting person is calculated using (i) the 13,312,356
Class B Shares outstanding on December 31, 1993 and (ii) the number of Class B
Shares beneficially owned by such reporting person for purposes of this
Amendment as of December 31, 1993. The footnotes to the following table
describe, among other things, the extent to which each reporting person
disclaims beneficial ownership of the Class B Shares set forth opposite such
reporting person's name in such table.
<TABLE>
<CAPTION>
Aggregate Number of Class B Shares as to
Number of Percentage Which Reporting Person Has
Class B of --------------------------
Shares Outstanding Sole Shared Sole Shared
Beneficially Class B Power to Power to Power to Power to
Reporting Person 1/ Owned Shares Vote Vote Dispose Dispose
- ------------------- ----- ------ ---- ---- ------- --------
<S> <C> <C> <C> <C> <C> <C>
John W. Hechinger 2/ 11,790,751 88.57% 0 11,790,751 0 1,996,101
June R. Hechinger 3/ 1,994,121 14.98% 0 0 0 1,994,121
John W. Hechinger, Jr. 4/ 11,790,751 88.57% 0 11,790,751 0 3,311,047
Deborah Hechinger 5/ 3,311,047 24.87% 0 0 0 3,311,047
S. Ross Hechinger 6/ 11,790,751 88.57% 0 11,790,751 0 3,311,047
Susan L. Hechinger 7/ 3,311,047 24.87% 0 0 0 3,311,047
The Nancy Hechinger
Lowe Revocable Trust 8/ 3,072,409 23.08% 0 0 0 3,072,409
Nancy Hechinger Lowe 9/ 3,089,890 23.21% 0 0 0 3,089,890
Peter E. Lowe 10/ 3,089,890 23.21% 0 0 0 3,089,890
</TABLE>
<PAGE>
Page 30 of 36 Pages
<TABLE>
<CAPTION>
Aggregate Number of Class B Shares as to
Number of Percentage Which Reporting Person Has
Class B of --------------------------
Shares Outstanding Sole Shared Sole Shared
Beneficially Class B Power to Power to Power to Power to
Reporting Person 1/ Owned Shares Vote Vote Dispose Dispose
- ------------------- ----- ------ ---- ---- ------- --------
<S> <C> <C> <C> <C> <C> <C>
Sally Hechinger Rudoy 11/ 3,089,890 23.21% 0 0 0 3,089,890
Peter Rudoy 12/ 3,089,890 23.21% 0 0 0 3,089,890
June Limited
Partnership 13/ 2,601,229 19.54% 0 0 0 2,601,229
Jarsan Associates
Limited Partnership 14/ 215,330 1.62% 0 0 0 215,330
Richard England 15/ 2,375,074 17.84% 0 0 0 2,375,074
Lois H. England 16/ 2,375,074 17.84% 0 0 0 2,375,074
Richard England, Jr. 17/ 2,383,507 17.90% 0 0 0 2,383,507
Diana England 18/ 2,383,507 17.90% 0 0 0 2,383,507
Joan England Akman 19/ 2,012,655 15.12% 0 0 0 2,012,655
Larry A. Akman 20/ 2,012,655 15.12% 0 0 0 2,012,655
Isham Peugh 21/ 6,715 0.05% 0 0 6,715 0
Catherine S. England 22/ 2,014,844 15.14% 0 0 228,389 1,786,455
Lois Associates
Limited Partnership 23/ 1,786,455 13.42% 0 0 0 1,786,455
Caran Associates
Limited Partnership 24/ 215,330 1.62% 0 0 0 215,330
Hechinger Family
Trust 25/ 665,854 5.00% 0 0 0 665,854
</TABLE>
As of December 31, 1993, the reporting persons beneficially owned an aggregate
of 11,790,751 Class B Shares, representing 88.57% of the Class B Shares
outstanding on December 31, 1993.
<PAGE>
Page 31 of 36 Pages
FOOTNOTES
1/ The numbers and percentages of Class B Shares shown in the table as
beneficially owned by the reporting persons reflect multiple counting of Class B
Shares to the extent that beneficial ownership thereof is attributable to more
than one reporting person in accordance with Rule 13d-3 under the Securities
Exchange Act of 1934. For example, each of John W. Hechinger, John W.
Hechinger, Jr., and S. Ross Hechinger (each, a "Voter") is deemed to
beneficially own the 11,790,751 Class B Shares which the Voters hold a proxy to
vote pursuant to a voting agreement with members of the Hechinger and England
families and entities controlled by such families. As an additional example,
the 2,601,229 Class B Shares held directly by June Limited Partnership are all
deemed to be beneficially owned by (a) each of The Nancy Hechinger Lowe
Revocable Trust and Sally Hechinger Rudoy, as a general partner of June Limited
Partnership, (b) each of John W. Hechinger, Jr., and S. Ross Hechinger, as a
general partner of June Limited Partnership and a Voter, (c) each of Deborah
Hechinger, Susan L. Hechinger and Peter Rudoy, as the spouse of a general
partner of June Limited Partnership, (d) Nancy Hechinger Lowe, as the sole
trustee of The Nancy Hechinger Lowe Revocable Trust, (e) Peter E. Lowe, as the
spouse of the sole trustee of The Nancy Hechinger Lowe Revocable Trust, and (f)
John W. Hechinger, as a Voter.
2/ The number and percentage of Class B Shares shown in the table as
beneficially owned by John W. Hechinger represent the 11,790,751 Class B Shares
which, together with John W. Hechinger, Jr., and S. Ross Hechinger, John W.
Hechinger holds a proxy to vote pursuant to a voting agreement among members of
the England and Hechinger families and entities controlled by them.
The number of Class B Shares shown in the table as to which John W.
Hechinger shares dispositive power includes (a) the 1,163,618 Class B Shares
held directly by John W. Hechinger and (b) the 340,586 Class B Shares held by
the Hechinger Family Trust for the primary benefit of the Hechinger family.
John W. Hechinger and Lois H. England are the only trustees of the Hechinger
Family Trust. John W. Hechinger disclaims beneficial ownership of all shares so
held by the Hechinger Family Trust. For additional information regarding the
Hechinger Family Trust, see footnote 25.
The number of Class B Shares shown in the table as to which John W.
Hechinger shares dispositive power also includes the 489,917 Class B Shares held
directly by his spouse, June R. Hechinger. John W. Hechinger disclaims
beneficial ownership of such Class B Shares.
3/ The number and percentage of Class B Shares shown in the table as
beneficially owned by June R. Hechinger represent (a) the 489,917 Class B Shares
held directly by June R. Hechinger and (b) the 1,504,204 Class B Shares as to
which her spouse, John W. Hechinger, shares dispositive power as described in
the first sentence of the second paragraph of footnote 2 above. June R.
Hechinger disclaims beneficial ownership of such 1,504,204 Class B Shares.
4/ The number and percentage of Class B Shares shown in the table as
beneficially owned by John W. Hechinger, Jr., represent the 11,790,751 Class B
Shares which, together with John W. Hechinger and S. Ross Hechinger, John W.
Hechinger, Jr., holds a proxy to vote pursuant to a voting agreement among
members of the England and Hechinger families and entities controlled by them.
The number of Class B Shares shown in the table as to which John W.
Hechinger, Jr., shares dispositive power includes (a) the 471,180 Class B Shares
held directly by John W. Hechinger, Jr., (b) the 2,601,229 Class B Shares held
by June Limited Partnership, as to which John W. Hechinger, Jr., a general
partner of June Limited Partnership, shares dispositive power with The Nancy
Hechinger Lowe Revocable Trust, S. Ross Hechinger and Sally Hechinger Rudoy, the
only other general partners of June Limited Partnership, and (c) the 215,330
Class B Shares held by JARSAN Associates, as to which John W. Hechinger, Jr., a
managing general partner of JARSAN Associates, shares dispositive power with S.
Ross Hechinger, the only other managing
<PAGE>
Page 32 of 36 Pages
general partner of JARSAN Associates. John W. Hechinger, Jr., disclaims
beneficial ownership of all shares held by June Limited Partnership and JARSAN
Associates except to the extent of his partnership interests in such entities.
In addition, the number of Class B Shares shown in the table as to
which John W. Hechinger, Jr., shares dispositive power includes (i) the 5,827
Class B Shares held by John W. Hechinger, Jr., as custodian for Kathryn J.
Hechinger, (ii) the 5,827 Class B Shares held by John W. Hechinger, Jr., as
custodian for Jamie A. Hechinger and (iii) the 5,827 Class B Shares held by John
W. Hechinger, Jr., as custodian for John A. Hechinger. John W. Hechinger, Jr.,
disclaims beneficial ownership of all shares held by him as custodian for
Kathryn J. Hechinger, Jamie A. Hechinger or John A. Hechinger.
The number of Class B Shares shown in the table as to which John W.
Hechinger, Jr. shares dispositive power also incudes the 5,827 Class B Shares
held directly by his spouse, Deborah Hechinger. John W. Hechinger, Jr.,
disclaims beneficial ownership of such Class B Shares.
5/ The number and percentage of Class B Shares shown in the table as
beneficially owned by Deborah Hechinger represent (a) the 5,827 Class B Shares
held directly by Deborah Hechinger and (b) the 3,305,220 Class B Shares as to
which her spouse, John W. Hechinger, Jr., shares dispositive power as described
in the second and third paragraphs of footnote 4 above. Deborah Hechinger
disclaims beneficial ownership of such 3,305,220 Class B Shares.
6/ The number and percentage of Class B Shares shown in the table as
beneficially owned by S. Ross Hechinger represent the 11,790,751 Class B Shares
which, together with John W. Hechinger and John W. Hechinger, Jr., S. Ross
Hechinger holds a proxy to vote pursuant to a voting agreement among members of
the England and Hechinger families and entities controlled by them.
The number of Class B Shares shown in the table as to which S. Ross
Hechinger shares dispositive power includes (a) the 471,180 Class B Shares held
directly by S. Ross Hechinger and (b) the 2,601,229 Class B Shares held by June
Limited Partnership, as to which S. Ross Hechinger, a general partner of June
Limited Partnership, shares dispositive power with John W. Hechinger, Jr., The
Nancy Hechinger Lowe Revocable Trust and Sally Hechinger Rudoy, the only other
general partners of June Limited Partnership, and (c) the 215,330 Class B Shares
held by JARSAN Associates, as to which S. Ross Hechinger, a managing general
partner of JARSAN Associates, shares dispositive power with John W. Hechinger,
Jr., the only other managing general partner of JARSAN Associates. S. Ross
Hechinger disclaims beneficial ownership of all shares held by June Limited
Partnership or JARSAN Associates except to the extent of his partnership
interests in such entities.
In addition, the number of Class B Shares shown in the table as to
which S. Ross Hechinger shares dispositive power includes (i) the 5,827 Class B
Shares held by S. Ross Hechinger as custodian for Scott R. Hechinger, (ii) the
5,827 Class B Shares held by S. Ross Hechinger as custodian for Matthew S.
Hechinger and (iii) the 5,827 Class B Shares held by S. Ross Hechinger as
custodian for Amanda F. Hechinger. S. Ross Hechinger disclaims beneficial
ownership of all shares held by him as custodian for Scott R. Hechinger, Matthew
S. Hechinger or Amanda F. Hechinger.
The number of Class B Shares shown in the table as to which S. Ross
Hechinger shares dispositive power also includes the 5,827 Class B Shares held
directly by his spouse, Susan L. Hechinger. S. Ross Hechinger disclaims
beneficial ownership of such Class B Shares.
7/ The number and percentage of Class B Shares shown in the table as
beneficially owned by Susan L. Hechinger represent (a) the 5,827 Class B Shares
held directly by Susan L. Hechinger and (b) the 3,305,220 Class B Shares as to
which her spouse, S. Ross Hechinger, shares dispositive power as described in
the second and third paragraphs of footnote 6 above. Susan L. Hechinger
disclaims beneficial ownership of such 3,303,240 Class B Shares.
<PAGE>
Page 33 of 36 Pages
8/ The number and percentage of Class B Shares shown in the table as
beneficially owned by The Nancy Hechinger Lowe Revocable Trust represent (a) the
471,180 Class B Shares held directly by The Nancy Hechinger Lowe Revocable Trust
and (b) the 2,601,229 Class B Shares held by June Limited Partnership, as to
which The Nancy Hechinger Lowe Revocable Trust, a general partner of June
Limited Partnership, shares dispositive power with John W. Hechinger, Jr., S.
Ross Hechinger and Sally Hechinger Rudoy, the only other general partners of
June Limited Partnership. The Nancy Hechinger Lowe Revocable Trust disclaims
beneficial ownership of all shares held by June Limited Partnership except to
the extent of its partnership interest in June Limited Partnership. Nancy
Hechinger Lowe is the sole trustee of The Nancy Hechinger Lowe Revocable Trust.
9/ The number and percentage of Class B Shares shown in the table as
beneficially owned by Nancy Hechinger Lowe include (a) the 471,180 Class B
Shares held directly by The Nancy Hechinger Lowe Revocable Trust, of which Nancy
Hechinger Lowe is the sole trustee and (b) the 2,601,229 Class B Shares held by
June Limited Partnership, as to which The Nancy Hechinger Lowe Revocable Trust,
a general partner of June Limited Partnership, shares dispositive power with
John W. Hechinger, Jr., S. Ross Hechinger and Sally Hechinger Rudoy, the only
other general partners of June Limited Partnership. Nancy Hechinger Lowe
disclaims beneficial ownership of all shares held by June Limited Partnership
except to the extent of the partnership interest of The Nancy Hechinger Lowe
Revocable Trust in June Limited Partnership.
In addition, the number and percentage of Class B Shares shown in the
table as beneficially owned by Nancy Hechinger Lowe include (i) the 5,827 Class
B Shares held by Nancy Hechinger Lowe as custodian for Alexis H. Vlack and (ii)
the 5,827 Class B Shares held by Nancy Hechinger Lowe as custodian for Molly E.
Lowe. Nancy Hechinger Lowe disclaims beneficial ownership of all shares held by
her as custodian for Alexis H. Vlack or Molly E. Lowe.
The number and percentage of Class B Shares shown in the table as
beneficially owned by Nancy Hechinger Lowe also include the 5,827 Class B Shares
held directly by her spouse, Peter E. Lowe. Nancy Hechinger Lowe disclaims
beneficial ownership of such 5,827 Class B Shares.
10/ The number and percentage of Class B Shares shown in the table as
beneficially owned by Peter E. Lowe represent (a) the 5,827 Class B Shares held
directly by Peter E. Lowe and (b) the 3,084,063 Class B Shares beneficially
owned by his spouse, Nancy Hechinger Lowe, as described in the first two
paragraphs of footnote 9 above. Peter E. Lowe disclaims beneficial ownership of
such 3,084,063 Class B Shares.
11/ The number and percentage of Class B Shares shown in the table as
beneficially owned by Sally Hechinger Rudoy include (a) the 471,180 Class B
Shares held directly by Sally Hechinger Rudoy and (b) the 2,601,229 Class B
Shares held by June Limited Partnership, as to which Sally Hechinger Rudoy, a
general partner of June Limited Partnership, shares dispositive power with John
W. Hechinger, Jr., S. Ross Hechinger and The Nancy Hechinger Lowe Revocable
Trust, the only other general partners of June Limited Partnership. Sally
Hechinger Rudoy disclaims beneficial ownership of all shares held by June
Limited Partnership except to the extent of her partnership interest in June
Limited Partnership.
In addition, the number and percentage of Class B Shares shown in the
table as beneficially owned by Sally Hechinger Rudoy include (i) the 5,827 Class
B Shares held by Sally Hechinger Rudoy as custodian for Jesse N. Rudoy and (ii)
the 5,827 Class B Shares held by Sally Hechinger Rudoy as custodian for Charles
H. Rudoy. Sally Hechinger Rudoy disclaims beneficial ownership of all shares
held by her as custodian for Jesse N. Rudoy or Charles H. Rudoy.
The number and percentage of Class B Shares shown in the table as
beneficially owned by Sally Hechinger Rudoy also include the 5,827 Class B
Shares held directly by her spouse, Peter Rudoy. Sally Hechinger Rudoy
disclaims beneficial ownership of such Class B Shares.
12/ The number and percentage of Class B Shares shown in the table as
beneficially
<PAGE>
Page 34 of 36 Pages
owned by Peter Rudoy represent (a) the 5,827 Class B Shares held directly by
Peter Rudoy and (b) the 3,084,063 Class B Shares beneficially owned by his
spouse, Sally Hechinger Rudoy, as described in the first two paragraphs of
footnote 11 above. Peter Rudoy disclaims beneficial ownership of such 3,082,083
Class B Shares.
13/ The number and percentage of Class B Shares shown in the table as
beneficially owned by June Limited Partnership represent the 2,601,229 Class B
Shares held directly by June Limited Partnership. As a general matter,
dispositive power over all such Class B Shares is exercised by a majority in
number of its general partners. However, a disposition of securities having an
aggregate present value of more than $500,000 must be approved by partners
owning not less than two-thirds of the outstanding partnership interests in June
Limited Partnership. The only general partners of June Limited Partnership are
John W. Hechinger, Jr., The Nancy Hechinger Lowe Revocable Trust, S. Ross
Hechinger and Sally Hechinger Rudoy, and the only other partners of June Limited
Partnership are John W. Hechinger and June R. Hechinger.
14/ The number and percentage of Class B Shares shown in the table as
beneficially owned by JARSAN Associates represent the 215,330 Class B Shares
held directly by JARSAN Associates. As a general matter, dispositive power over
all such Class B Shares is exercised by its managing general partners. However,
a disposition of securities which constitutes a disposition of all or
substantially all the assets of JARSAN Associates must be approved by all the
partners of JARSAN Associates. The only managing general partners of JARSAN
Associates are John W. Hechinger, Jr., and S. Ross Hechinger, and the only other
partners of JARSAN Associates are The Nancy Hechinger Lowe Revocable Trust and
Sally Hechinger Rudoy.
15/ The number and percentage of Class B Shares shown in the table as
beneficially owned by Richard England represent (a) the 861,919 Class B Shares
held directly by Richard England and (b) the 1,513,155 Class B Shares
beneficially owned by his spouse, Lois H. England, as described in the first
paragraph of footnote 16 below. Richard England disclaims beneficial ownership
of such 1,513,155 Class B Shares.
16/ The number and percentage of Class B Shares shown in the table as
beneficially owned by Lois H. England include (a) the 1,187,887 Class B Shares
held directly by Lois H. England and (b) the 325,268 Class B Shares held by the
Hechinger Family Trust for the primary benefit of the England family. Lois H.
England and John W. Hechinger are the only trustees of the Hechinger Family
Trust. Lois H. England disclaims beneficial ownership of all shares so held by
the Hechinger Family Trust. For additional information regarding the Hechinger
Family Trust, see footnote 25.
The number and percentage of Class B Shares shown in the table as
beneficially owned by Lois H. England also include the 861,919 Class B Shares
held directly by her spouse, Richard England. Lois H. England disclaims
beneficial ownership of such 861,919 Class B Shares.
17/ The number and percentage of Class B Shares shown in the table as
beneficially owned by Richard England, Jr., represent (a) the 381,722 Class B
Shares held directly by Richard England, Jr., (b) the 1,786,455 Class B Shares
held by Lois Associates, as to which Richard England, Jr., a general partner of
Lois Associates, shares dispositive power with Joan England Akman and Catherine
S. England, the only other general partners of Lois Associates, and (c) the
215,330 Class B Shares held by CARAN Associates, as to which Richard England,
Jr., a managing general partner of CARAN Associates, shares dispositive power
with Joan England Akman, the only other managing general partner of CARAN
Associates. Richard England, Jr., disclaims beneficial ownership of all shares
held by Lois Associates or CARAN Associates except to the extent of his
partnership interests in such entities.
18/ The number and percentage of Class B Shares shown in the table as
beneficially owned by Diana England represent the 2,383,507 Class B Shares
beneficially owned by her spouse, Richard England, Jr., as described in footnote
17 above. Diana England disclaims beneficial ownership of such 2,383,507 Class
B Shares.
19/ The number and percentage of Class B Shares shown in the table as
beneficially owned by Joan England Akman include (a) the 1,786,455 Class B
Shares held by Lois
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Associates, as to which Joan England Akman, a general partner of Lois
Associates, shares dispositive power with Richard England, Jr., and Catherine S.
England, the only other general partners of Lois Associates, and (b) the 215,330
Class B Shares held by CARAN Associates, as to which Joan England Akman, a
managing general partner of CARAN Associates, shares dispositive power with
Richard England, Jr., the only other managing general partner of CARAN
Associates. Joan England Akman disclaims beneficial ownership of all shares
held by Lois Associates or CARAN Associates except to the extent of her
partnership interests in such entities.
In addition, the number and percentage of Class B Shares shown in the
table as beneficially owned by Joan England Akman include (i) the 6,715 Class B
Shares held by Joan England Akman as custodian for Sara England Akman, (ii) the
3,005 Class B Shares held by Joan England Akman as custodian for Jonathan
England Akman and (iii) the 1,150 Class B Shares held by Joan England Akman as
custodian for Alex England Akman. Joan England Akman disclaims beneficial
ownership of all shares held by her as custodian for Sara England Akman,
Jonathan England Akman or Alex England Akman.
20/ The number and percentage of Class B Shares shown in the table as
beneficially owned by Larry A. Akman represent the 2,012,655 Class B Shares
beneficially owned by his spouse, Joan England Akman, as described in footnote
19 above. Larry A. Akman disclaims beneficial ownership of such 2,012,655 Class
B Shares.
21/ The number and percentage of Class B Shares shown in the table as
beneficially owned by Isham Peugh represent the 6,715 Class B Shares held
directly by Isham Peugh. The number and percentage of Class B Shares shown in
the table as beneficially owned by Isham Peugh do not include the Class B Shares
beneficially owned by his former spouse, Catherine S. England, as described in
the first two paragraphs of footnote 22 below. The divorce of Catherine S.
England and Isham Peugh became final on November 21, 1992.
22/ The number and percentage of Class B Shares shown in the table as
beneficially owned by Catherine S. England include (a) the 220,524 Class B
Shares held directly by Catherine S. England, (b) the 6,715 Class B Shares held
by Catherine S. England as custodian for Evan Peugh and (c) the 1,150 Class B
Shares held by Catherine S. England as custodian for Ryan Peugh. Catherine S.
England disclaims beneficial ownership of all shares held by her as custodian
for Evan Peugh or Ryan Peugh.
In addition, the number and percentage of Class B Shares shown in the
table as beneficially owned by Catherine S. England include the 1,786,455 Class
B Shares held by Lois Associates, as to which Catherine S. England, a general
partner of Lois Associates, shares dispositive power with Richard England, Jr.,
and Joan England Akman, the only other general partners of Lois Associates.
Catherine S. England disclaims beneficial ownership of all shares held by Lois
Associates except to the extent of her partnership interest in Lois Associates.
The number and percentage of Class B Shares shown in the table as
beneficially owned by Catherine S. England do not include the Class B Shares
beneficially owned by her former spouse, Isham Peugh, as described in footnote
21 above. The divorce of Catherine S. England and Isham Peugh became final on
November 21, 1992.
23/ The number and percentage of Class B Shares shown in the table as
beneficially owned by Lois Associates represent the 1,786,455 Class B Shares
held directly by Lois Associates. As a general matter, dispositive power over
all such Class B Shares is exercised by a majority in number of its general
partners. However, a disposition of securities having an aggregate present
value of more than $500,000 must be approved by partners owning not less than
two-thirds of the outstanding partnership interests in Lois Associates. The
only general partners of Lois Associates are Richard England, Jr., Joan England
Akman and Catherine S. England.
24/ The number and percentage of Class B Shares shown in the table as
beneficially owned by CARAN Associates represent the 215,330 Class B Shares held
directly by CARAN Associates. As a general matter, dispositive power over all
such Class B Shares is
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exercised by its managing general partners. However, a disposition of
securities which constitutes a disposition of all or substantially all the
assets of CARAN Associates must be approved by all the partners of CARAN
Associates. The only managing general partners of CARAN Associates are Richard
England, Jr., and Joan England Akman, and the only other partner of CARAN
Associates is Catherine S. England.
25/ The number and percentage of Class B Shares shown in the table as
beneficially owned by the Hechinger Family Trust represent the 665,854 Class B
Shares held directly by the Hechinger Family Trust. Although the Hechinger
Family Trust is one trust, it is divided into two distinct and separate shares,
one share for the primary benefit of the Hechinger family and one share for the
primary benefit of the England family. Accordingly, for the purposes of the
table and the footnotes thereto, the beneficial ownership of the Class B Shares
held directly by the Hechinger Family Trust for the primary benefit of the
Hechinger family is allocated to John W. Hechinger, a trustee of the Hechinger
Family Trust, and the beneficial ownership of the Class B Shares held directly
by the Hechinger Family Trust for the primary benefit of the England family is
allocated to Lois H. England, the only other trustee of the Hechinger Family
Trust, notwithstanding that, administratively, the consent of both trustees is
required for any disposition of shares by the Hechinger Family Trust.
