<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 7 )*
------
HECHINGER COMPANY
----------------------------------
(Name of Issuer)
Class A Common Stock, par value $.10 per share
------------------------------------------------------
(Title of Class of Securities)
422 660 209
----------------------------------
(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 38 Pages
---
<PAGE>
CUSIP No. 422660209 13G Page 2 of 38 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 11,596,658*
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 2,197,265**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
11,596,658**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
28.1%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 3 of 38 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 2,197,265**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,197,265**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
6.9%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 4 of 38 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 11,596,658**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 3,589,416**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
11,596,658**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
28.1%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 5 of 38 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 O**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 3,589,416**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,589,416**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
10.5%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 6 of 38 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 11,596,658**
--------------------------------------------------
(7) Sole Dispositive
Power 0**
--------------------------------------------------
(8) Shared Dispositive
Power 3,490,024**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
11,596,658**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
28.1%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 7 of 38 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 3,490,024**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,490,024**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
10.2%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 8 of 38 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
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 3,171,835**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,171,835**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
9.4%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
00
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 9 of 38 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 3,201,389**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,201,389**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
9.4%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 10 of 38 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 3,201,389**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,201,389**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
9.5%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 11 of 38 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 3,221,389**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,221,389**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
9.5%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 12 of 38 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 3,221,389**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,221,389**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
9.5%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 13 of 38 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 2,627,786**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,627,786**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
7.9%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 14 of 38 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)
less than 1%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 15 of 38 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 1,384,521**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,384,521**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
4.3%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 16 of 38 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 1,384,521**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,384,521**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
4.3%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 17 of 38 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 2,084,372**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,084,372**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
6.4%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 18 of 38 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 2,084,372**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,084,372**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
6.4%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 19 of 38 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 1,620,789**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,620,789**
- -------------------------------------------------------------------------------
(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*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 20 of 38 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 1,620,789**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,620,789**
- -------------------------------------------------------------------------------
(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*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 21 of 38 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 8,106**
--------------------------------------------------
(8) Shared Dispositive
Power 0**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
8,106**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
less than 1%*
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 22 of 38 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 209,860**
--------------------------------------------------
(8) Shared Dispositive
Power 1,386,455**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,596,315**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
4.9%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 23 of 38 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 1,386,455**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,386,455**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
4.3%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 24 of 38 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 15,330**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
15,330**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
less than 1%**
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
**For additional information, see Schedule A and the footnotes thereto.
<PAGE>
CUSIP No. 422660209 13G Page 25 of 38 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 610,170**
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
610,170**
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
2.0%**
- -------------------------------------------------------------------------------
(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 38 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.
ITEM 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. 7 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 Lois England Charitable Remainder Annuity Trust
and the Hechinger Family Trust are 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, The Nancy Hechinger
Lowe Revocable Trust or the Lois England Charitable Remainder Annuity Trust.
ITEM 2(D). TITLE OF CLASS OF SECURITIES.
Class A Common Stock, par value $.10 per share.
Each share of the Company's Class B Common Stock, par value $.10 per
share (each such share being hereinafter referred to as a "Class B Share"), is
convertible at any time by the holder thereof into one share of the Company's
Class A Common Stock (each share of Class A Common Stock being hereinafter
referred to as a "Class A Share"). Accordingly, pursuant to Rule 13d-3(d)(1)
under the Securities Exchange Act of 1934, the Class B Shares beneficially
owned by the persons filing this Amendment have been included in
calculating the number and percentage of Class A Shares beneficially owned
by such persons.
<PAGE>
Page 27 of 38 Pages
ITEM 2(E). CUSIP NUMBER.
422 660 209
ITEM 3. Unchanged.
ITEM 4. OWNERSHIP.
(a) Amount Beneficially Owned:
See Schedule A.
(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, 6 AND 7. Unchanged.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
See Schedule A.
ITEMS 9 and 10. Unchanged.
<PAGE>
Page 28 of 38 Pages
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.
November 27, 1995
/s/ John W. Hechinger
-------------------------------
John W. Hechinger*
/s/ Joan England Akman
-------------------------------
Joan England Akman**
<PAGE>
Page 29 of 38 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, the Lois England Charitable Remainder
Annuity Trust and the Hechinger Family Trust.
The relevant Powers of Attorney are incorporated by reference to Amendments
Nos. 2, 3 and 4 to the Schedule 13G relating to the issuer's Class A
Common Stock, which amendments were filed with the Securities and Exchange
Commission on September 26, 1990, February 14, 1991, and February 13, 1992,
respectively.
<PAGE>
Page 30 of 38 Pages
SCHEDULE A
BENEFICIAL OWNERSHIP OF CLASS A SHARES
In the following table, (a) each reference to the number of Class A Shares
beneficially owned by a reporting person is the sum of (i) the number
of Class A Shares beneficially owned outright by such reporting person for
purposes of this Amendment as of December 31, 1994, (ii) the number of
Class A Shares issuable upon conversion of all the Class B Shares beneficially
owned by such reporting person as of December 31, 1994 and (iii) the number
of Class A Shares issuable upon exercise of all options held by such reporting
person as of December 31, 1994, that were exercisable prior to March 2, 1995,
and (b) each reference to the percentage of Class A Shares beneficially owned
by a reporting person is calculated using (i) the 30,797,512 Class A Shares
outstanding as of December 31, 1994, (ii) the number of Class A Shares issuable
upon conversion of all the Class B Shares beneficially owned by such
reporting person as of December 31, 1994, and (iii) the number of Class A
Shares issuable upon exercise of all options held by such reporting
person as of December 31, 1994, that were exercisable prior to March 2, 1995.
The footnotes to the following table describe, among other things, the extent
to which each reporting person disclaims beneficial ownership of the Class A
Shares set forth opposite such reporting person's name in such table.
<TABLE>
<CAPTION>
Aggregate Number of Class A Shares as to
Number of Percentage Which Reporting Person Has
Class A of --------------------------
Shares Outstanding Sole Shared Sole Shared
Beneficially Class A 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/ 11,596,658 28.1% 0 11,596,658 0 2,197,265
June R. Hechinger 3/ 2,197,265 6.9% 0 0 0 2,197,265
John W. Hechinger, Jr. 4/ 11,596,658 28.1% 0 11,596,658 0 3,589,416
Deborah Hechinger 5/ 3,589,416 10.5% 0 0 0 3,589,416
S. Ross Hechinger 6/ 11,596,658 28.1% 0 11,596,658 0 3,490,024
Susan L. Hechinger 7/ 3,490,024 10.2% 0 0 0 3,490,024
The Nancy Hechinger
Lowe Revocable Trust 8/ 3,171,835 9.4% 0 0 0 3,171,835
Nancy Hechinger Lowe 9/ 3,201,389 9.4% 0 0 0 3,201,389
Peter E. Lowe 10/ 3,201,389 9.5% 0 0 0 3,201,389
</TABLE>
<PAGE>
Page 31 of 38 Pages
<TABLE>
<CAPTION>
Aggregate Number of Class A Shares as to
Number of Percentage Which Reporting Person Has
Class A of --------------------------
Shares Outstanding Sole Shared Sole Shared
Beneficially Class A 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/ 3,221,389 9.5% 0 0 0 3,221,389
Peter Rudoy 12/ 3,221,389 9.5% 0 0 0 3,221,389
June Limited
Partnership 13/ 2,627,786 7.9% 0 0 0 2,627,786
JARSAN Associates
Limited Partnership 14/ 215,330 * 0 0 0 215,330
Richard England 15/ 1,384,521 4.3% 0 0 0 1,384,521
Lois H. England 16/ 1,384,521 4.3% 0 0 0 1,384,521
Richard England, Jr. 17/ 2,084,372 6.4% 0 0 0 2,084,372
Diana England 18/ 2,084,372 6.4% 0 0 0 2,084,372
Joan England Akman 19/ 1,620,789 5.0% 0 0 0 1,620,789
Larry A. Akman 20/ 1,620,789 5.0% 0 0 0 1,620,789
Isham Peugh 21/ 8,106 * 0 0 8,106 0
Catherine S. England 22/ 1,596,315 4.9% 0 0 209,860
Lois Associates
Limited Partnership 23/ 1,386,455 4.3% 0 0 0 1,386,455
CARAN Associates
Limited Partnership 24/ 15,330 * 0 0 0 15,330
Hechinger Family
Trust 25/ 610,170 2.0% 0 0 0 610,170
<FN>
* Less than 1%.
</TABLE>
As of December 31, 1994, the reporting persons beneficially owned an aggregate
of 11,596,658 Class A Shares (which include 10,138,834 Class B Shares
convertible at any time into an equal number of Class A Shares and 262,466 Class
A Shares issuable upon the exercise of options), representing 28.1% of the sum
of (i) the 30,797,512 Class A Shares outstanding as of December 31, 1994, (ii)
the 10,138,834 Class B Shares beneficially owned in the aggregate by the
reporting persons as of December 31, 1994, and (iii) the 262,466 Class A Shares
issuable upon exercise of all options held by the reporting persons as of
December 31, 1994, that were exercisable prior to March 2, 1995.
<PAGE>
Page 32 of 38 Pages
FOOTNOTES
1/ The numbers and percentages of Class A Shares (including Class B Shares
convertible into Class A Shares) shown in the table as beneficially owned by the
reporting persons reflect multiple counting of Class A Shares to the extent that
the 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 11,596,658 Class A
Shares (which include 10,138,834 Class B Shares convertible at any time into an
equal number of Class A Shares and 262,466 Class A Shares issuable upon exercise
of options) 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
them. As an additional example, the 2,627,786 Class A Shares (which include
2,601,229 Class B Shares convertible at any time into an equal number of Class A
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 A Shares shown in the table as
beneficially owned by John W. Hechinger include the 11,596,658 Class A Shares
(which include 10,138,834 Class B Shares convertible at any time into an equal
number of Class A Shares and 262,466 Class A Shares issuable upon exercise of
options) 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 A Shares shown in the table as to which John W.
Hechinger shares dispositive power includes (a) the 1,213,919 Class A Shares
(which include 1,152,836 Class B Shares convertible at any time into an equal
number of Class A Shares) held directly by John W. Hechinger and (b) the 406,585
Class A Shares (which include 340,586 Class B Shares convertible at any time
into an equal number of Class A 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 A Shares shown in the table as to which John W.
Hechinger shares dispositive power also includes the 576,761 Class A Shares
(which include 489,917 Class B Shares convertible at any time into an equal
number of Class A Shares) held directly by his spouse, June R. Hechinger. John
W. Hechinger disclaims beneficial ownership of such 576,761 Class A Shares.
3/ The number and percentage of Class A Shares shown in the table as
beneficially owned by June R. Hechinger include (a) the 576,761 Class A Shares
(which include 489,917 Class B Shares convertible at any time into an equal
number of Class A Shares) held directly by June R. Hechinger and (b) the
1,620,504 Class A Shares (which include 1,493,422 Class B Shares convertible at
any time into an equal number of Class A 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 1,620,504 Class A Shares.
4/ The number and percentage of Class A Shares shown in the table as
beneficially owned by John W. Hechinger, Jr., include the 11,596,658 Class A
Shares (which include 10,138,834 Class B Shares convertible at any time into an
equal number of Class A Shares and 262,466 Class A Shares issuable upon exercise
of options) 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
<PAGE>
Page 33 of 38 Pages
members of the England and Hechinger families and entities controlled by them.
The number of Class A Shares shown in the table as to which John W.
Hechinger, Jr., shares dispositive power includes (a) the 475,685 Class A Shares
(which include 376,566 Class B Shares convertible at any time into an equal
number of Class A Shares) held directly by John W. Hechinger, Jr., (b) the
225,929 Class A Shares issuable upon exercise of all options held by John W.
Hechinger, Jr., that were exercisable prior to March 2, 1995, (c) the 2,627,786
Class A Shares (which include 2,601,229 Class B Shares convertible at any time
into an equal number of Class A Shares) held by June Limited Partnership, as to
which John W. Hechinger, Jr., a general partner of June Limited Partnership,
shares dispositive power with S. Ross Hechinger, The Nancy Hechinger Lowe
Revocable Trust and Sally Hechinger Rudoy, the only other general partners of
June Limited Partnership, and (d) the 215,330 Class A Shares (which are
215,330 Class B Shares convertible at any time into an equal number of Class A
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 general partner of JARSAN Associates.
John W. Hechinger, Jr., 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 A Shares shown in the table as to
which John W. Hechinger, Jr., shares dispositive power includes (a) the 12,056
Class A Shares (which include 9,365 Class B Shares convertible at any time into
an equal number of Class A Shares) held by John W. Hechinger, Jr., as custodian
for Kathryn J. Hechinger, (b) the 12,056 Class A Shares (which include 9,365
Class B Shares convertible at any time into an equal number of Class A Shares)
held by John W. Hechinger, Jr., as custodian for Jamie A. Hechinger and (c) the
12,056 Class A Shares (which include 9,365 Class B Shares convertible at any
time into an equal number of Class A 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 A Shares shown in the table as to which John W.
Hechinger, Jr., shares dispositive power also includes the 8,518 Class A Shares
(which include 5,827 Class B Shares convertible at any time into an equal number
of Class A Shares) held directly by his spouse, Deborah Hechinger. John W.
Hechinger, Jr., disclaims beneficial ownership of such 8,518 Class A Shares.
5/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Deborah Hechinger include (a) the 12,056 Class A Shares
(which include 5,827 Class B Shares convertible at any time into an equal number
of Class A Shares) held directly by Deborah Hechinger and (b) the 3,354,969
Class A Shares (which include 3,221,220 Class B Shares convertible at any time
into an equal number of Class A Shares and 225,929 Class A Shares issuable upon
exercise of options) 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 3,354,969 Class
A Shares.
6/ The number and percentage of Class A Shares shown in the table as
beneficially owned by S. Ross Hechinger include the 11,596,658 Class A Shares
(which include 10,138,834 Class B Shares convertible at any time into an equal
number of Class A Shares and 262,466 Class A Shares issuable upon exercise of
options) 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 A Shares shown in the table as to which S. Ross
Hechinger shares dispositive power includes (a) the 570,299 Class A Shares
(which include 471,180 Class B Shares convertible at any time into an equal
number of Class A Shares) held directly by S. Ross Hechinger, (b) the 36,537
Class A Shares issuable upon exercise of all options held by S. Ross Hechinger
that were exercisable prior to March 2, 1995, (c) the 2,627,786 Class A Shares
(which include 2,601,229 Class B Shares convertible at any time into an equal
<PAGE>
Page 34 of 38 Pages
number of Class A 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 (d) the 215,330 Class A Shares (which are 215,330 Class B
Shares convertible at any time into an equal number of Class A 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 A Shares shown in the table as to
which S. Ross Hechinger shares dispositive power includes (i) the 10,518 Class A
Shares (which include 7,827 Class B Shares convertible at any time into an equal
number of Class A Shares) held by S. Ross Hechinger as custodian for Scott R.
Hechinger, (ii) the 10,518 Class A Shares (which include 7,827 Class B Shares
convertible at any time into an equal number of Class A Shares) held by S. Ross
Hechinger as custodian for Matthew S. Hechinger and (iii) the 10,518 Class A
Shares (which include 7,827 Class B Shares convertible at any time into an equal
number of Class A 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 A Shares shown in the table as to which S. Ross
Hechinger shares dispositive power also includes the 8,518 Class A Shares (which
include 5,827 Class B Shares convertible at any time into an equal number of
Class A Shares) held directly by his spouse, Susan L. Hechinger. S. Ross
Hechinger disclaims beneficial ownership of such 8,518 Class A Shares.
7/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Susan L. Hechinger include (a) the 8,518 Class A Shares
(which include 5,827 Class B Shares convertible at any time into an equal number
of Class A Shares) held directly by Susan L. Hechinger and (b) the 3,444,969
Class A Shares (which include 3,311,220 Class B Shares convertible at any time
into an equal number of Class A Shares and 36,537 Class A Shares issuable upon
exercise of options) 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 3,469,737
Class A Shares.
8/ The number and percentage of Class A Shares shown in the table as
beneficially owned by The Nancy Hechinger Lowe Revocable Trust include (a) the
544,049 Class A Shares (which include 471,180 Class B Shares convertible at any
time into an equal number of Class A Shares) held directly by The Nancy
Hechinger Lowe Revocable Trust and (b) the 2,627,786 Class A Shares (which
include 2,601,229 Class B Shares convertible at any time into an equal number of
Class A 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 A Shares shown in the table as
beneficially owned by Nancy Hechinger Lowe include (a) the 544,049 Class A
Shares (which include 471,180 Class B Shares convertible at any time into an
equal number of Class A Shares) held directly by The Nancy Hechinger Lowe
Revocable Trust, of which Nancy Hechinger Lowe is the sole trustee, and (b) the
2,627,786 Class A Shares (which include 2,601,229 Class B Shares convertible at
any time into an equal number of Class A 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
<PAGE>
Page 35 of 38 Pages
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 A Shares shown in the
table as beneficially owned by Nancy Hechinger Lowe include (i) the 10,518 Class
A Shares (which include 7,827 Class B Shares convertible at any time into an
equal number of Class A Shares) held by Nancy Hechinger Lowe as custodian for
Alexis H. Vlack and (ii) the 10,518 Class A Shares (which include 7,827 Class B
Shares convertible at any time into an equal number of Class A 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 A Shares shown in the table as
beneficially owned by Nancy Hechinger Lowe also include the 8,518 Class A Shares
(which include 5,827 Class B Shares convertible at any time into an equal number
of Class A Shares) held directly by her spouse, Peter E. Lowe. Nancy Hechinger
Lowe disclaims beneficial ownership of such 8,518 Class A Shares.
10/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Peter E. Lowe include (a) the 8,518 Class A Shares
(which include 5,827 Class B Shares convertible at any time into an equal number
of Class A Shares) held directly by Peter E. Lowe and (b) the 3,192,871 Class A
Shares (which include 3,088,063 Class B Shares convertible at any time into an
equal number of Class A 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 3,192,871 Class A Shares.
11/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Sally Hechinger Rudoy include (a) the 564,049 Class A
Shares (which include 471,180 Class B Shares convertible at any time into an
equal number of Class A Shares) held directly by Sally Hechinger Rudoy and (b)
the 2,627,786 Class A Shares (which include 2,601,229 Class B Shares convertible
at any time into an equal number of Class A 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 A Shares shown in the
table as beneficially owned by Sally Hechinger Rudoy include (i) the 10,518
Class A Shares (which include 7,827 Class B Shares convertible at any time into
an equal number of Class A Shares) held by Sally Hechinger Rudoy as custodian
for Jesse N. Rudoy and (ii) the 10,518 Class A Shares (which include 7,827 Class
B Shares convertible at any time into an equal number of Class A 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 A Shares shown in the table as
beneficially owned by Sally Hechinger Rudoy also include the 8,518 Class A
Shares (which include 5,827 Class B Shares convertible at any time into an equal
number of Class A Shares) held directly by her spouse, Peter Rudoy. Sally
Hechinger Rudoy disclaims beneficial ownership of such 8,518 Class A Shares.
12/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Peter Rudoy include (a) the 8,518 Class A Shares (which
include 5,827 Class B Shares convertible at any time into an equal number of
Class A Shares) held directly by Peter Rudoy and (b) the 3,212,871 Class A
Shares (which include 3,088,063 Class B Shares convertible at any time into an
equal number of Class A Shares) beneficially owned by his spouse, Sally
Hechinger Rudoy, as described in the first two paragraphs of footnote 11
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Page 36 of 38 Pages
above. Peter Rudoy disclaims beneficial ownership of such 3,212,871 Class A
Shares.
13/ The number and percentage of Class A Shares shown in the table as
beneficially owned by June Limited Partnership include 2,627,786 Class A
Shares (which include 2,601,229 Class B Shares convertible at any time into an
equal number of Class A Shares) held directly by June Limited Partnership. As a
general matter, dispositive power over all such 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 A Shares shown in the table as
beneficially owned by JARSAN Associates include the 215,330 Class B Shares
(which are convertible at any time into an equal number of Class A Shares) held
directly by JARSAN Associates. As a general matter, dispositive power over all
such 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 A Shares shown in the table as
beneficially owned by Richard England include (a) the 590,468 Class B Shares
(which are convertible at any time into an equal number of Class A Shares) held
directly by Richard England and (b) the 794,053 Class A Shares (which include
694,053 Class B Shares convertible at any time into an equal number of Class A
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 794,053 Class A Shares.
16/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Lois H. England include (a) the 590,468
Class B Shares (which are convertible at any time into an equal
number of Class A Shares) held directly by Lois H. England and (b) the 203,585
Class A Shares (which include 103,585 Class B Shares convertible at any time
into an equal number of Class A 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 A Shares shown in the table as
beneficially owned by Lois H. England also include the 590,468 Class B Shares
(which are convertible at any time into an equal number of Class A Shares) held
directly by her spouse, Richard England, as described in footnote 15 above.
Lois H. England disclaims beneficial ownership of such 590,468 Class A Shares.
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Page 37 of 38 Pages
17/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Richard England, Jr., include (a) the 682,587 Class A
Shares (which include 581,722 Class B Shares convertible at any time into an
equal number of Class A Shares) held directly by Richard England, Jr., (b) the
1,386,455 Class A Shares (which are 1,386,455 Class B Shares convertible at any
time into an equal number of Class A 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 15,330 Class A Shares
(which are 15,330 Class B Shares convertible at any time into an equal number of
Class A 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 A Shares shown in the table as
beneficially owned by Diana England include the 2,084,372 Class A Shares
(which include 1,983,507 Class B Shares convertible at any time into an equal
number of Class A Shares) beneficially owned by her spouse, Richard England,
Jr., as described in footnote 17 above. Diana England disclaims beneficial
ownership of such 2,084,372 Class A Shares.
19/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Joan England Akman include (a) the 190,000 Class A Shares
held directly by Joan England Akman, (b) the 1,386,455 Class A Shares (which
are 1,386,455 Class B Shares convertible at any time into an equal number
of Class A Shares) held by Lois 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 (c) the 15,330 Class A Shares (which are 15,330 Class B Shares
convertible at any time into an equal number of Class A 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 A Shares shown in the
table as beneficially owned by Joan England Akman include (i) the 9,668 Class A
Shares (which include 6,715 Class B Shares convertible at any time into an equal
number of Class A Shares) held by Joan England Akman as custodian for Sara
England Akman, (ii) the 9,668 Class A Shares (which include 3,005 Class B Shares
convertible at any time into an equal number of Class A Shares) held by Joan
England Akman as custodian for Jonathan England Akman and (iii) the 9,668 Class
A Shares (which include 1,150 Class B Shares convertible at any time into an
equal number of Class A 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 A Shares shown in the table as
beneficially owned by Larry A. Akman include the 1,620,789 Class A Shares
(which include 1,412,655 Class B Shares convertible at any time into an equal
number of Class A Shares) beneficially owned by his spouse, Joan England Akman,
as described in footnote 19 above. Larry A. Akman disclaims beneficial
ownership of such 1,620,789 Class A Shares.
21/ The number and percentage of Class A Shares shown in the table as
beneficially owned by Isham Peugh include the 8,106 Class A Shares (which
include 6,715 Class B Shares convertible at any time into an equal number of
Class A Shares) held directly by Isham Peugh. The number and percentage of
Class A Shares shown in the table as beneficially owned by Isham Peugh do not
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Page 38 of 38 Pages
include the Class A Shares (including all 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 A Shares shown in the table as
beneficially owned by Catherine S. England include (a) the 131,364 Class A
Shares held directly by Catherine S. England, (b) the 59,160 Class A
Shares (which are 59,160 Class B Shares convertible at any time into an
equal number of Class A Shares) held directly by Catherine S. England, (c) the
9,668 Class A Shares (which include 6,715 Class B Shares convertible at any time
into an equal number of Class A Shares) held by Catherine S. England as
custodian for Evan Peugh and (d) the 9,668 Class A Shares (which include 1,150
Class B Shares convertible at any time into an equal number of Class A 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 A Shares shown in the
table as beneficially owned by Catherine S. England include the 1,386,455 Class
A Shares (which are 1,386,455 Class B Shares convertible at any time into an
equal number of Class A 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 A Shares shown in the table as
beneficially owned by Catherine S. England do not include the Class A Shares
(including all 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 A Shares shown in the table as
beneficially owned by Lois Associates include the 1,386,455 Class B Shares
(which are convertible at any time into an equal number of Class A Shares) held
directly by Lois Associates. As a general matter, dispositive power over all
such 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 A Shares shown in the table as
beneficially owned by CARAN Associates include the 15,330 Class B Shares
(which are convertible at any time into an equal number of Class A Shares) held
directly by CARAN Associates. As a general matter, dispositive power over all
such 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 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 A Shares shown in the table as
beneficially owned by the Hechinger Family Trust include the 610,170 Class A
Shares (which include 444,171 Class B Shares convertible at any time into an
equal number of Class A 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 A Shares (including all 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 A Shares (including all 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.
